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Help walk me through the question please 9. The following table provides revenue and cost data for a local barber shop (number of haircuts per

Help walk me through the question please

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9. The following table provides revenue and cost data for a local barber shop (number of haircuts per day). a. Complete the following table. Round your answers in the ATC column to two decimal places. (4 marks) Q P TR MR TC MC ATC 70 95 2 69 164 222 67 275 66 330 65 390 64 454 3 522 b. What is the profit-maximizing price and output? Is this a long-run equilibrium or short-run? Why? (4 marks) C. What type of market must the barber shop be operating in? Why? (2 marks)

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