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Apply the Skill Jermaine has a hair salon. She is trying to decide how many stylists to hire based on how many haircuts they can perform each day. Jermaine figures that each additional stylist could do 25 haircuts a day. Based on her materials, supplies, overhead, and other costs, Jermaine calculates her marginal revenue (MR), marginal cost (MC), and average cost (AC) as shown here: Quantity MR MC AC 25 250 60 200 50 180 70 100 75 130 80 85 100 100 100 90 125 80 200 140 Using the model for profit maximization, graph the marginal revenue (MR), marginal cost (MC), and average cost (AC) curves and explain how many stylists Jermaine should hire and why