Question: Please write the answers in (a) to (e) step by step, thank you! Question 2 of 5 4.5 Points Click to see additional instructions Drybar,

Please write the answers in (a) to (e) step by step, thank you!

Please write the answers in (a) to (e) step by step, thank

Question 2 of 5 4.5 Points Click to see additional instructions Drybar, a hair salon, faces a weekly demand for blowouts equal to qD = 1120 - 20P. The salon has weekly total cost of TC(q)=0.05q2 + 20q + 500. (a) The minimum efficient scale (i.e., the quantity that achieves minimum average cost) is (b) The weekly marginal revenue for this salon is MR = - (c) This salon's profit maximizing level of output is , price is (d) When the salon produces at the profit maximizing level, the consumer surplus is (6) Suppose the salon can do first-degree price discrimination, consumer surplus is , the producer surplus is and producer surplus is

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