The table below shows the total cost and marginal cost for Choco Lovers, a monopolistic firm producing different quantities chocolate gift boxes. Fill in the blanks in the table. Marginal Cost Marginal Revenue Total Quantity Price Total Cost Revenue $31 $0 $50 25 29 725 100 $2 29 30 27 O 810 108 2 17 35 25 875 118 13 40 23 920 133 3 9 45 21 945 158 4 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 = 40 * units Profit-maximizing price = $ 23
The table below shows the total cost and marginal cost for Choco Lovers, a monopolistic firm producing different quantities chocolate gift boxes. Fill in the blanks in the table. Marginal Cost Marginal Revenue Total Quantity Price Total Cost Revenue $31 $0 $50 25 29 725 100 $2 29 30 27 O 810 108 2 17 35 25 875 118 13 40 23 920 133 3 9 45 21 945 158 4 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 = 40 * units Profit-maximizing price = $ 23
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Please help with the Profit-maximizing quantity and Profit-maximizing

Transcribed Image Text: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
Marginal
Cost
Marginal
Quantity
Price
Total Cost
Revenue
Revenue
$31
$0
$50
25
29
725
100
$2
29
30
27
810
108
17
35
25
875
118
2
13
40
23
920
133
9.
45
21
945
158
4
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 =
40
* units
Profit-maximizing price = $
23
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