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e below shows cost and revenue information for Choco Lovers, a purely competitive firm producing different e gift boxes. Fill in the blanks in the table. ons: Enter your answers rounded to two decimal places. Choco Lovers Cost and Revenue ity TC ATC MC охes ($) ($) ($) 65.00 6.50 4.00 82.50 5.50 3.3 X 102.6 O 5.13 4.00 127.50 5.10 O 5.00 162.50 5.42 7.00 207.50 5.93 9.00 the profit-maximizing price is $5 per gift box, and then answer the following questions: ing qu antity 25. 00 gift bo KOr

e below shows cost and revenue information for Choco Lovers, a purely competitive firm producing different e gift boxes. Fill in the blanks in the table. ons: Enter your answers rounded to two decimal places. Choco Lovers Cost and Revenue ity TC ATC MC охes ($) ($) ($) 65.00 6.50 4.00 82.50 5.50 3.3 X 102.6 O 5.13 4.00 127.50 5.10 O 5.00 162.50 5.42 7.00 207.50 5.93 9.00 the profit-maximizing price is $5 per gift box, and then answer the following questions: ing qu antity 25. 00 gift bo KOr

Microeconomics: Private and Public Choice (MindTap Course List)
Microeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506893
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter9: Price Takers And The Competitive Process
Section: Chapter Questions
Problem 15CQ
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Please help with the incorrect number in the chart. 3.3 and 4.0 are both incorrect and I am unsure of what to put. Thanks for the help! :)

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 ($) ($) ($) 10 65.00 6.50 4.00 15 82.50 5.50 3.3 20 102.6 5.13 4.00 25 127.50 5.10 5.00 30 162.50 5.42 7.00 35 207.50 5.93 9.00 Assume the profit-maximizing price is $5 per gift box, and then answer the following questions: a. Profit-maximizing quantity = 25.00 gift boxes b. Total revenue = $ 125.00 c. Profit = $ -2.50 d. Profit per unit = $ -0.10 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. Choco Lovers Cost and Revenue Quantity TC ATC MC of Gift Boxes ($) ($) ($) 10 65.00 6.50 4.00 15 82.50 5.50 3.3 20 102.6 5.13 4.00 25 127.50 5.10 5.00 30 162.50 5.42 7.00 35 207.50 5.93 9.00 Assume the profit-maximizing price is $5 per gift box, and then answer the following questions: a. Profit-maximizing quantity = 25.00 gift boxes b. Total revenue = $ 125.00 c. Profit = $ -2.50 d. Profit per unit = $ -0.10 per gift box
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