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!

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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