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QUESTION 15 (4 Marks) Mr Browns owns and operate a dog grooming. Figure 15.1 shows the cost and revenue curves for a pet
Posted: Wed Jul 06, 2022 6:29 pm
by answerhappygod
- Question 15 4 Marks Mr Browns Owns And Operate A Dog Grooming Figure 15 1 Shows The Cost And Revenue Curves For A Pet 1 (100.86 KiB) Viewed 27 times
QUESTION 15 (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 17 12 36 MR MC AC Quantity of treatments per day AR 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 Focus 80