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111ere are three types of barber shops in a competitive market in Seattle. Due to the peculia riti of zoning in Seattle, shop space can

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111ere are three types of barber shops in a competitive market in Seattle. Due to the peculia riti of zoning in Seattle, shop space can be rented in only three sizes: 1000 square feet, 2000 square feet, and 3000 square feet. For each of the three sgua re footages, the information below shows the number of haircuts that can be sold as you increase the number of fulltime barbers. The Barbers Union requira you to hire people fulltime or not at all. [In other words, these are the only choices for workers and the barber shops.] For every 1000 square feet of space you rent, the annual rent is $40 per square foot and you must sign a oneyear lease. The annual 1wage for a fulltime barber is $30,000. mere represent all economic costs including the normal prot. 1000 sq. ft. 2000 sq. ft. 3000 sq. ft. Number Number Number Number Number Number of of of of of of Barbers Haircuts Barbers Haircuts Barbers Haircuts 0 0 0 0 0 0 1 4cm 1 4920 1 5560 2 6030 2 2480 2 2220 3 2220 3 9480 3 10520 4 asap 4 10520 4 12260 5 9320 5 11440 5 14540 6 9960 E 12240 E 16280 2 10520 2 12920 2 164m

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