The table below shows the total cost and marginal cost for Choco Lovers, a monopolistic firm producing different quantities of chocolate gift boxes. Fill in the blanks in the table. Total Quantity Marginal Cost Marginal Revenue Price Total Cost Revenue $31 $0 $50 25 29 725 100 $2 30 810 108 2 17 35 25 118 13 40 23 920 133 9. 45 21 945 50 19 950 193 7 1 Instructions: Enter your answers as a whole number. For profit, round your answer to two decimal places. Profit-maximizing quantity = [ units Profit-maximizing price = $ Profit = $|

The table below shows the total cost and marginal cost for Choco Lovers, a monopolistic firm producing different quantities of chocolate gift boxes. Fill in the blanks in the table. Total Quantity Marginal Cost Marginal Revenue Price Total Cost Revenue $31 $0 $50 25 29 725 100 $2 30 810 108 2 17 35 25 118 13 40 23 920 133 9. 45 21 945 50 19 950 193 7 1 Instructions: Enter your answers as a whole number. For profit, round your answer to two decimal places. Profit-maximizing quantity = [ units Profit-maximizing price = $ Profit = $|

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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