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The table below shows the total cost (TC) and marginal cost (MC) for Choco Lovers, a purely competitive firm producing different quantities of chocolate gift

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The table below shows the total cost (TC) and marginal cost (MC) for Choco Lovers, a purely competitive firm producing different quantities of chocolate gift boxes. The market price for a box of chocolates is $6 per box Instructions: Enter your answers as a whole number a. Fill in the marginal revenue (MR) and average revenue (AR) columns. AR (5) Quantity of Gift Boxes 10 15 20 25 30 35 Choco Lovers Cost and Revenue TC (5) MC (5) MR (5) 55 3 67 250 82 3 102 4 132 172 8 1838 19 6 Instructions: For proftloss, round your answers to two decimal places. If you are entering any negative numbers be sure to include a negative sign in front of these numbers. A loss should be entered as a negative number b. Given a price of $6 per gift box, how many boxes of chocolate should Chaco Lovers produce? gift boxes What will the profit or loss be per gift box? $0 per gift box C. Suppose that Choco Lovers raites the price to $8 per gift box Now how many boxes should Choco Lovers produce? gift boxes What will the new proft or loss be per gift box

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