Question

Need help with the following attachment. Please show work.

3. Andreas Day Spa began to offer a relaxing aromatherapy treatment. The firm asks you how much to charge to maximize profits. The demand curve for the treatments is given by the first two columns in the following table; its total cosls are given in the third column. For each level of output, calculate total revenue, marginal revenue, average cost, and marginal cost. What is the profit-maximizing level of output for the treatments and how much will the firm earn in profits? Quantity Price $25.00 $24.00 $23.00 $22.50 $22.00 $21.60 $21.20 10 20 30 40 50 60 ТС $130 $275 $435 $610 $800 $1,005 $1,225

0 0
Add a comment Improve this question Transcribed image text
Request Professional Answer

Request Answer!

We need at least 10 more requests to produce the answer.

0 / 10 have requested this problem solution

The more requests, the faster the answer.

Request! (Login Required)


All students who have requested the answer will be notified once they are available.
Know the answer?
Add Answer to:
Need help with the following attachment. Please show work. 3. Andrea's Day Spa began to offer...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Similar Homework Help Questions
  • Price $25.00 $24.00 $23.00 $22.50 $22.00 321.60 $21.20 QUanity TC $130 $275 $435 I$610 800 $1,005...

    Price $25.00 $24.00 $23.00 $22.50 $22.00 321.60 $21.20 QUanity TC $130 $275 $435 I$610 800 $1,005 $1,225 10 20 30 40 50 60 Andrea's Day Spa began to offer a relaxing aromatherapy treatment. The firm asks you how much to charge to maximize profits. The demand curve for the treatments is given by the first two columns in the following table; its total costs are given in the third column. For output level of 20, calculate total revenue, marginal revenue,...

  • Andrea’s Day Spa began to offer a relaxing aromatherapy treatment. The firm asks you how much...

    Andrea’s Day Spa began to offer a relaxing aromatherapy treatment. The firm asks you how much to charge to maximize profits. The demand curve for the treatments is given by the first two columns in the following table; its total costs are given in the third column. Answer the following questions accordingly (Q15-Q18). Price Quantity TC $25.00 0 $100 $24.00 10 $250 $23.00 20 $420 $22.00 30 $600 $21.00 40 $780 $20.00 50 $970 $19.00 60 $1,170 15) Total fixed...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT