(4 Marks) Mr Browns owns and operate a dog grooming Figure 15.1 shows the cost and revenue curves for a pet grooming ses
Posted: Wed Jul 06, 2022 6:25 pm
QUESTION 15 M Quay of mees per day Calculate the change in total supernormal profit if Mr Browns changes his objective from profit maximisation to revenue maximisation. A. R225 B.R117 C. R108 D. R125 (4 Marks)
(4 Marks) Mr Browns owns and operate a dog grooming Figure 15.1 shows the cost and revenue curves for a pet grooming session. Initially, Mr Browns sets his price to maximise profits. Figure 15.1: Costs, Revenue per grooming session