Sarah operates just one of the many nail salons in town.Her nail salon, Sarah’s Sophisticated Nails, has thefollowing costs:

TC = 3500 + 0.001Q² + 2Q

Where Q refers to the number of setsof nails she paints in a week.

a)How many sets of nails will Sarahpaint if the price is $5.00? EXPLAIN AND SHOW YOUR WORK.

b)What, if anything, is herprofit?

c)If there are 125 nail salons intown, what is the market supply curve for nail salons in hertown?

d)If Sarah’s situation is the samefor all the nail salons in town, what would we expect to see happenin this industry in the long run? EXPLAIN IN WORDS AND STATEWHY.

e)What will the price be in the longrun? EXPLAIN AND SHOW YOUR WORK.

f) In the long run how manysets of nails will Sarah paint?

Answer rating: 100% (QA)

answer Sarahs Sophisticated Nails Cost Analysis We are given Sarahs total cost TC function TC 3500 0001Q2 2Q where Q represents the number of sets of nails painted in a week a How many sets of nails w... View the full answer