Please help with the Profit-maximizing quantity and Profit-maximizing price. Thanks! The table below shows the total cost and marginal cost for Choco Lovers, a monopolistic firm producing different quantities ofchocolate gift boxes. Fill in the blanks in the table.TotalMarginalCostMarginalQuantityPriceTotal CostRevenueRevenue$31$0$502529725100$229302781010817352587511821340239201339.45219451584501995019371Instructions: Enter your answers as a whole number. For profit, round your answer to two decimal places.Profit-maximizing quantity =40* unitsProfit-maximizing price = $23

In case of Monopolistic competition the firm will maximise output at a point where MR = MC.

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

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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