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QUESTION
Econ TotsPoses, Inc., a profit-maximizing business, is the only photography business in town that specializes in portraits of small children.
Econ TotsPoses, Inc., a profit-maximizing business, is the only photography business in town that specializes in portraits of small children. George, who owns and runs TotsPoses, expects to encounter an average of eight customers per day, each with a reservation price shown in the following table. A) What are total revenues, average revenues, and marginal revenues?
