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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 ATC (5) 10 5.50 TC (5) MC (3) 55.00 3.00 15 67.50 4.50 20 4.13 3.00 25 102.50 4.00 30 132.50 4.42 6.00 35 172.50 4.93 8.00 Assume the profit maximizing price is $6 per gift box, and then answer the following questions: a. Profit-maximizing quantity -[ gift boxes b. Total revenue c. Profit=$1 d. Profit per unit = $ per gift box
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