#17You run a nail salon. Fixed monthly cost is $5,965.00 for rent and utilities, $6,402.00 is spent in salaries and $1,521.00 ininsurance. Also every customer requires approximately $5.00 in supplies. You charge $119.00 on average for eachservice.You are considering moving the salon to an upscale neighborhood where the rent and utilities will increase to$10,452.00, salaries to $6,391.00 and insurance to $2,193.00 per month. Cost of supplies will increase to $6.00 perservice. However you can now charge $142.00 per service. At what point will you be indifferent between your currentlocation and the new location?SubmitAnswer format: Number: Round to: 2 decimal places.Show Hint

To determine the point at which you will be indifferent between your current location and the new…

Answered: #17 You run a nail salon. Fixed monthly…

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter25: Monopoly

Section: Chapter Questions

Problem 13E

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