The table below shows cost and revenue information for Choco Lovers, a perfectly competitive firm producing different quantities of chocolate gift boxes. Fill in the blanks in the table. Instructions: Round your answers to 2 decimal places. Choco Lovers Costs and Revenue Quantity TC ATC MC of Gift Boxes ($) ($) ($) 55.00 11.00 1.00 10 57.50 5.75 15 4.1667 1.00 20 72.50 2.00 25 92.50 3.70 4.00 30 122.50 40.833 6.00 Instructions: Enter your answers below as whole numbers. For profit and profit per unit, round your answers to 2 decimal places. Include a negative sign if necessary Profit-maximizing price = Profit-maximizing quantity = Total revenue = 24 Profit = 2$ 2$ Profit per unit =

The table below shows cost and revenue information for Choco Lovers, a perfectly competitive firm producing different quantities of chocolate gift boxes. Fill in the blanks in the table. Instructions: Round your answers to 2 decimal places. Choco Lovers Costs and Revenue Quantity TC ATC MC of Gift Boxes ($) ($) ($) 55.00 11.00 1.00 10 57.50 5.75 15 4.1667 1.00 20 72.50 2.00 25 92.50 3.70 4.00 30 122.50 40.833 6.00 Instructions: Enter your answers below as whole numbers. For profit and profit per unit, round your answers to 2 decimal places. Include a negative sign if necessary Profit-maximizing price = Profit-maximizing quantity = Total revenue = 24 Profit = 2$ 2$ Profit per unit =

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter10: Prices, Output, And Strategy: Pure And Monopolistic Competition

Section: Chapter Questions

Problem 6E

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Similar questions

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