Andrea's Day Spa began to offer a relaxing aromatherapy treatment. The firm asks you how much to charge to maximize profits. The demandcurve for the treatments is given by the first two columns in the following table; its total costs are given in the third column. Answer the followingquestion accordingly.Price QuantityTC$25.00$100$24.0010$250$23.00 20$420$22.0030$600$21.00 40$780$20.0050$970$19.00 60$1,170Total revenue of producing 30 units of output from the above table is:Select one:a. $180b. $435c. $600d. $660

Total Cost : It is the summation of total variable cost and total fixed cost. It is incurred by the…

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Economics

Total revenue of producing 30 units of output from the above table is: Select one: a. $180 b. $435 c. $600 d. $660

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Andrea's Day Spa began to offer a relaxing aromatherapy treatment. The firm asks you how much to charge to maximize profits. The demand
curve for the treatments is given by the first two columns in the following table; its total costs are given in the third column. Answer the following
question accordingly.
Price QuantityTC
$25.00
$100
$24.00
10
$250
$23.00 20
$420
$22.00
30
$600
$21.00 40
$780
$20.00
50
$970
$19.00 60
$1,170
Total revenue of producing 30 units of output from the above table is:
Select one:
a. $180
b. $435
c. $600
d. $660

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