Lorie teaches singing.Herr fixed cost are $1000 a month,and it costs her $50 of labor to give one class.the table shows the demand schedule for lorie''s singing lessons.
Price quantity demanded
(dollars per lesson) (lessons per month)
0 250
50 200
100 150
150 100
200 50
250 0
Calculate Lorie''s profit-maximizing output, price, and economic profit.