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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
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 of Gift Boxes TC ($) ATC ($) MC ($) 25 230.00 9.20 8.00 30 267.50 8.92 35 8.79 8.00 40 352.50 9.00 45 407.50 9.06 11.00 50 472.50 9.45 13.00 Assume the profit-maximizing price is $9 per gift box, and then answer the following questions: a. Profit-maximizing quantity =[ gift boxes b. Total revenue = $ c. Profit = $ d. Profit per unit = $ per gift box rev: 03_10_2022_QC_CS-299126
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