How should the problem be and can I have an explanation for it?

urses Suppose Juanita gives haircuts on Saturdays to make extra money. She is the only person in town cutting hair on Saturdays and therefore has some market power. Assume that she does not incur fixed costs, and the only significant variable cost to Juanita is her time. As she gives more haircuts, talog and Study Tools Juanita must increasingly forgo other valuable Saturday activities. For example, if she gives one haircut, she forgoes reading the paper after breakfast. If she gives two haircuts, she gives up reading the paper and sleeping an extra half-hour. rtner Offers Juanita's clients are a varied group willing to pay between $20.00 and $30.00 for a haircut. Assume that Juanita cannot price discriminate, i.e., charge ental Options different clients different prices. If Juanita charges $30.00 per haircut, she will have one client per week; if she charges $27.50, she will have two; if she charges $25.00, three, and so forth. The following table contains data on the revenues and costs of Juanita's haircut business as a function of her College Success Tips price-quantity choice. (The costs are based on the value of Juanita's alternative activities, in dollar terms. For example, the total cost of the first haircut is $5-the value Juanita places on reading the newspaper after breakfast.) Career Success Tips Help Give Feedback Fill in the missing cells of the table and then use them to answer the questions that follow. Output Price Total Revenue Marginal (Haircuts per Revenue (Dollars per Total Cost Marginal Cost Profit week) haircut) (Dollars per week) (Dollars per (Dollars per haircut) (Dollars per ( Dollars per week) haircut) week) N H 30.00 30.00 0 5.00 O 30.00 27.50 55.00 25.00 5.00 10.00 5.00 25.00 UT A W 25.00 75.00 20.00 20.00 10.00 45.00 20.00 55.00 22.50 40.00 20.00 100.00 10.00 70.00 30.00 30.00