The table below shows cost and revenue information for Choco Lovers, a purely competitive firm producing different quantities of chocolate gift boxes. Fill in the blanks in the table. Instructions: Enter your answers rounded to two decimal places. Choco Lovers Cost and Revenue Quantity TC ATC MC of Gift Boxes ($) ($) ($) 60.00 12.00 2.00 10 67.50 6.75 15 5.17 2.00 20 92.50 3.00 25 117.50 4.70 5.00 30 152.50 5.08 7.00 Assume the profit-maximizing price is $3 per gift box, and then answer the following questions: a. Profit-maximizing quantity = gift boxes b. Total revenue = $ %3D c. Profit = $ d. Profit per unit = $ per gift box %3D

The table below shows cost and revenue information for Choco Lovers, a purely competitive firm producing different quantities of chocolate gift boxes. Fill in the blanks in the table. Instructions: Enter your answers rounded to two decimal places. Choco Lovers Cost and Revenue Quantity TC ATC MC of Gift Boxes ($) ($) ($) 60.00 12.00 2.00 10 67.50 6.75 15 5.17 2.00 20 92.50 3.00 25 117.50 4.70 5.00 30 152.50 5.08 7.00 Assume the profit-maximizing price is $3 per gift box, and then answer the following questions: a. Profit-maximizing quantity = gift boxes b. Total revenue = $ %3D c. Profit = $ d. Profit per unit = $ per gift box %3D

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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