Choco Lovers Cost and RevenueQuantity of Gift BoxesTC ($)АTC (S)MC ($)555.0011.001.001057.505.75154.171.002072.502.002592.503.704.0030122.504.086.00Assume the profit-maximizing price is $4 per gift box, and then answer the following questions:a. Profit-maximizing quantity =gift boxesb. Total revenue = $c. Profit = $d. Profit per unit = $per gift box

TC (at Q=15) = ATC15 * 15 = 4.17*15 = $62.55 ATC(at Q=20)=TC20/Q20 = 72.50/20 = $3.63 MC(at 10th…

Quantity of Gift Boxes TC ($) ATC ($) 55.00 11.00 10 57.50 5.75 15 4.17 20 72.50 25 92.50 3.70 30 122.50 4.08 sume the profit-maximizing price is $4 per gift box Profit-maximizing quantity = ]gift boxes Total revenue = $ Profit = $| Profit per unit = $ per gift box %3D

Quantity of Gift Boxes TC ($) ATC ($) 55.00 11.00 10 57.50 5.75 15 4.17 20 72.50 25 92.50 3.70 30 122.50 4.08 sume the profit-maximizing price is $4 per gift box Profit-maximizing quantity = ]gift boxes Total revenue = $ Profit = $| Profit per unit = $ per gift box %3D

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

100%

Choco Lovers Cost and Revenue
Quantity of Gift Boxes
TC ($)
АTC (S)
MC ($)
5
55.00
11.00
1.00
10
57.50
5.75
15
4.17
1.00
20
72.50
2.00
25
92.50
3.70
4.00
30
122.50
4.08
6.00
Assume the profit-maximizing price is $4 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

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