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:
State Lotteries
are government-run gambling games that offer large cash prizes, often contributing to public sector funding, including education.
Top Quintile
Refers to the highest fifth or 20% segment of a population arranged based on a specific criterion, such as income or test scores.
Government Expenditures
Total spending by government agencies on goods, services, and public projects.
Crowding Out
A situation in economics where increased public sector spending reduces or eliminates private sector spending.
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