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The table below shows cost and revenue information for Choco Lovers, a purely competitive firm producing different qua 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 ($) ($) ($) 25 205.00 8.20 7.00 30 237.50 7.92 6.5 35 272.5 7.79 7.00 40 312.50 7.81 8.00 45 362.50 8.06 10.00 50 422.50 8.45 12.00

The table below shows cost and revenue information for Choco Lovers, a purely competitive firm producing different qua 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 ($) ($) ($) 25 205.00 8.20 7.00 30 237.50 7.92 6.5 35 272.5 7.79 7.00 40 312.50 7.81 8.00 45 362.50 8.06 10.00 50 422.50 8.45 12.00

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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section C and D 
No A and B

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. | **Quantity of Gift Boxes** | **TC ($)** | **ATC ($)** | **MC ($)** | |----------------------------|------------|-------------|------------| | 25 | 205.00 | 8.20 | 7.00 | | 30 | 237.50 | 7.92 | 6.50 | | 35 | 272.50 | 7.79 | 7.00 | | 40 | 312.50 | 7.81 | 8.00 | | 45 | 362.50 | 8.06 | 10.00 | | 50 | 422.50 | 8.45 | 12.00 | --- Assume the profit-maximizing price is $10 per gift box, and then answer the following questions: a. Profit-maximizing quantity = **45** gift boxes b. Total revenue = $ **450** c. Profit = $ **87.50** d. Profit per unit = $ **1.94** per gift box
Transcribed Image Text: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. | **Quantity of Gift Boxes** | **TC ($)** | **ATC ($)** | **MC ($)** | |----------------------------|------------|-------------|------------| | 25 | 205.00 | 8.20 | 7.00 | | 30 | 237.50 | 7.92 | 6.50 | | 35 | 272.50 | 7.79 | 7.00 | | 40 | 312.50 | 7.81 | 8.00 | | 45 | 362.50 | 8.06 | 10.00 | | 50 | 422.50 | 8.45 | 12.00 | --- Assume the profit-maximizing price is $10 per gift box, and then answer the following questions: a. Profit-maximizing quantity = **45** gift boxes b. Total revenue = $ **450** c. Profit = $ **87.50** d. Profit per unit = $ **1.94** per gift box
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