Use the following to answer questions: 
-(Table: Total Cost and Output) Look at the table Total Cost and Output, which describes Sergei's total costs for his perfectly competitive all-natural ice cream firm. If the market price of a tub of ice cream is $67.50, how much is Sergei's total cost at the profit-maximizing output?
Definitions:
Dividend Policy
A strategy a company uses to decide how much it will pay out to shareholders in dividends.
Alternate Dividend Policy
A strategy employed by a company to distribute earnings to shareholders through dividends that may vary in amount and frequency depending on the company's earnings, investment opportunities, and capital needs.
Stock Repurchase
A financial transaction in which a company buys back its own shares from the marketplace, reducing the amount of outstanding stock.
P/E Ratio
The price-to-earnings ratio, a valuation metric for stocks calculated by dividing the market value per share by its earnings per share.
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