Drybar, a hair salon, faces a weekly demand for blowouts eq The salon has weekly total cost of TC(q)=0.05q² + 20q + 50 (a) The minimum efficient scale (i.e., the quantity that achiev (b) The weekly marginal revenue for this salon is MR (c) This salon's profit maximizing level of output is__, price i (d) When the salon produces at the profit maximizing level, t producer surplus is. (e) Suppose the salon can do first-degree price discrimination producer surplus is_-

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John is looking to sell his car and Mary is looking to buy it. John values the car at $2000 and Mary values it at $3000. John offers to sell it to Mary at a price of $3500. Which of the following is true: O Mary will accept the offer and the total surplus will be $1000 Mary will not accept the offer and the total surplus yill be 0. O Mary will accept the offer but the total surplus will be less than $1000 O Mary will not accept the offer and the total surplus will be $1000. O None of the above

Find the consumer's and producer's surplus if for a product D(x) = 16 – 0.005x? and S(x) = 0.004x? . Round only final answers to 2 decimal places. The consumer's surplus is $ *, and the producer's surplus is $ *. Get Help: Video еBook