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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
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 TC MC AC $119 151 2 118 178 171 287 220 2 38 265 271 306 306 343 343 376 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 [Click to select]
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