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Alfred has recently started a new venture a massage center in Tampa Bay FL With the reputation and

Question

Alfred has recently started a new venture: a massage center in Tampa Bay, FL. With the reputation and

experience accumulated in your career as a business consultant, you were chosen to help the company increase their pool of profit. Alfred wants to know how much to charge to maximize profits. The following table provides you with the available information that will help to perform your analysis.

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?



Economics