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The table below contains some revenue and cost data for the Rising Moon T-shirt Company (quantities for packets of a dozen shirts), which is in long-term equilibrium.a. Complete the blanks in the following table. Round your answers in the "AC" column to 2 decimal places.  Quantity Price TR MR TC MC AC 0 / $/ / $121 / / 1   63   153     2   122   182     3   177   213     4   228   246     5   275   281     6   318   318     7   357   357     8   392   398     b. What is the profit-maximizing price and output for Rising Moon?       Price: $      Output: c. At the profit-maximizing output, what are MC and MR?    MC: $      MR: $ d. At the profit-maximizing output, what are AC and AR? Round your AC answer to 2 decimal places.     AC: $      AR: $ e. Given your answers above, what type of market must Rising Moon be operating in?    Rising Moon must be operating in a

The table below contains some revenue and cost data for the Rising Moon T-shirt Company (quantities for packets of a dozen shirts), which is in long-term equilibrium.a. Complete the blanks in the following table. Round your answers in the "AC" column to 2 decimal places.  Quantity Price TR MR TC MC AC 0 / $/ / $121 / / 1   63   153     2   122   182     3   177   213     4   228   246     5   275   281     6   318   318     7   357   357     8   392   398     b. What is the profit-maximizing price and output for Rising Moon?       Price: $      Output: c. At the profit-maximizing output, what are MC and MR?    MC: $      MR: $ d. At the profit-maximizing output, what are AC and AR? Round your AC answer to 2 decimal places.     AC: $      AR: $ e. Given your answers above, what type of market must Rising Moon be operating in?    Rising Moon must be operating in a

Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter3: Functions And Graphs
Section3.3: Lines
Problem 60E
See similar textbooks
Question

The table below contains some revenue and cost data for the Rising Moon T-shirt Company (quantities for packets of a dozen shirts), which is in long-term equilibrium.

a. Complete the blanks in the following table. Round your answers in the "AC" column to 2 decimal places.
 

Quantity Price TR MR TC MC AC
0 / $/ / $121 / /
1   63   153    
2   122   182    
3   177   213    
4   228   246    
5   275   281    
6   318   318    
7   357   357    
8   392   398    


b. What is the profit-maximizing price and output for Rising Moon?
   
    Price: $ 


    Output: 

c. At the profit-maximizing output, what are MC and MR?

    MC: $ 


    MR: $ 

d. At the profit-maximizing output, what are AC and AR? Round your AC answer to 2 decimal places.


    AC: $ 


    AR: $ 

e. Given your answers above, what type of market must Rising Moon be operating in?

    Rising Moon must be operating in a 

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