30 Apr Help Save&Exit Check my The table below shows cost and revenue information for Choco Lovers, a pe…
Help Save&Exit Check my The table below shows cost and revenue information for Choco Lovers, a perfectly competitive firm producing different quantities of chocolate gift boxes. Fill in the blanks in the table Instructions: Round your answers to 2 decimal places 10 Choco Lovers Costs and Revenue TC ATC of Gift Boxes) 60.00 67.50 12.00 675 5 17 2.00 10 15 20 ferences 2.00 3.00 5.00 7.00 92 50 25117.50 4.70 5.08 30 152 50 Instructions Enter your answers below as whole numbers For prott and profit per unit, round your answers to 2 decimal places Include a negative sign id necessary Proft-maximizing price Profit-mapomging quantity Total revenue Proft = Profit per unit Prex 15 of 20I Next 0 Type here to search
Chapter 10 Homework Help Save& Exit Submit Check my work A purely competitive wheat farmer can sell any wheat he grows for $10 per bushel. His because some are better suited for wheat production than others. The first acre can produce 1,000 bushels of 900, the third 800, and so on. five acres of land show diminishing returns wheat, the second acre 10 points a In the table below, answer the following questions. How many bushels will each of the farmer’s five acres produce? revenue will each acre generate? What are the TR and MR for each acre? Acre # That Acre’s Yield That Acre’s Revenue! TR MR 10,000 9,000 8,000 Print References 6,000 b. If the marginal cost of planting and harvesting an acre is S7000 per are for each of the five acres, how many acres should the farmer plant and harvest? Prey 20 of 20 Nod 835 PM O Type here to search
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