1. The problem states that $C(g)$ represents the cost to produce $g$ gallons of chocolate chunk ice cream. 2. The statement $C(727) = 152$ means that when $g = 727$, the cost $C(g)$ is 152. 3. In plain language, this means it costs 152 to produce 727 gallons of chocolate chunk ice cream. 4. So, the blanks can be filled as: It costs 152 to produce 727 gallons of chocolate chunk ice cream.