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Mr Browns owns and operate a dog grooming. Figure 15.1 shows the cost and revenue curves for a pet grooming session. Initially, Mr Browns sets
Mr Browns owns and operate a dog grooming. Figure 15.1 shows the cost and revenue curves for a pet grooming session. Initially, Mr Browns sets his price to maximise profits. Figure 15.1: Costs, Revenue per grooming sessionMC AC 17 12 AR 25 36 MR Quantity of treatments per day Calculate the change in total supernormal profit if Mr Browns changes his objective from profit maximisation to revenue maximisation. A. R225 B. R117 C. R108 D. R125
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