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Aras runs a yoga studio where he gives 30-minute classes. Because of the increasing opportunity cost of time, his marginal costs rise with the number
Aras runs a yoga studio where he gives 30-minute classes. Because of the increasing opportunity cost of time, his marginal costs rise with the number of classes offered per day. He faces $24 in fixed costs each day, and his total variable costs can be described by the equation:
VC = 0.5*X2 + 2.5*X
Where 'X' is the number of yoga classes he teaches each day. If Aras is able to earn $8 per yoga class, how many yoga classes will he offer each day?
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