Sanjay's hair salon has a total cost function given by 
a. What are Sanjay's average total cost, average variable cost, and marginal cost?
b. Find the quantity that minimizes ATC.
Definitions:
Revenue From Contracts
Income that a company recognizes from the fulfillment of performance obligations specified in contracts with its customers.
Net Patient Service Revenue
The total revenue derived from patient services provided by a healthcare institution, net of any allowances for discounts and adjustments.
Third Party Payors
Entities (usually insurance companies or government agencies) that pay for healthcare services on behalf of patients.
Contractual Adjustments
Adjustments made to the gross amount of charges for services provided, primarily in healthcare, based on pre-negotiated agreements with payers or insurers.
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