(Solved): 14 The table below shows the total cost (TC) and marginal cost (MC) for Choco Lovers, a purely compe ...

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 \( \$ 11 \) per box, Instructions: Enter your answers as a whole number. a. Fill in the marginal revenue (MR) and average revenue (AR) columns. Instructions: For profit/loss, round your answers to two decimal places. If you are entering any negative numbers be sure to include a negative sign \( (-) \) in front of those numbers. A loss should be entered as a negative number. b. Given a price of \( \$ 11 \) per gift box, how many boxes of chocolate should Choco Lovers produce? gift boxes What will the profit or loss be per gift box? \( \$ \) per gift box c. Suppose that Choco Lovers raises the price to \( \$ 13 \) per gift box. Now how many boxes should Choco Lovers produce? Instructions: For profit/loss, round your answers to two decimal places. If you are entering any negative numbers be sure to include a negative sign \( (-) \) in front of those numbers. A loss should be entered as a negative number. b. Given a price of \( \$ 11 \) per gift box, how many boxes of chocolate should Choco Lovers produce? gift boxes What will the profit or loss be per gift box? \( \$ \) per gift box c. Suppose that Choco Lovers raises the price to \( \$ 13 \) per gift box, Now how many boxes should Choco Lovers produce? gift boxes What will the new profit or loss be per gift box? \( \$ \)