The following is a cost function for clinic visits in a small inner city clinic: Quantity of

Question: #3) The following is a cost function for clinic visits in a small inner city clinic:

Quantity of Visits	Total Cost per Week
0	$10
1	15
2	25
3	45
4	75
5	115
6	165

a. Determine the marginal cost for each level of output.
b. If the price per visit is given to be $25, at what level of visits will the maximum profit position be? What are the profits at this level? What is the quantity supplied?
c. If the price per visit increases to $45, what will be the quantity supplied (assuming maximizing profits)?

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Deliverable: Word Document