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

 Help please The table below shows the total cost (TC) and

Help please

marginal cost (MC) for Choco Lovers, a purely competitive firm producing different

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 $5 per box. Instructions: Enter your answers as a whole number. a. Fill in the marginal revenue (MR) and average revenue (AR) columns. Choco Lovers Cost and Revenue Quantity of Gift Boxes Instructions: For prot/loss, round your answers to two decimal places. If you are entering any negative numbers be sure to include a negative sign H in front of those numbers. A loss should be entered as a negative number. b. Given a price of $5 per gift box, how many boxes of chocolate should Choco Lovers produce? E gift boxes What will the prot or loss be per gift box? 33 |:] per gift box c. Suppose that Choco Lovers raises the price to $7 per gift box' Now how many boxes should Choco Lovers produce? |:] gift boxes What will the new profit or loss be per gift box? $l

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