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How many swimsuits are now sold in Santa Barbara each hour under increased competition, and
what is the total cost incurred? Show the detailed calculations and explain the reason. Suppose the number of swimsuits sold remained constant under the increased competition, but
the number of stores was reduced so that each was operating at its point of minimum average
cost. How many stores would now be in operation? Why? Show the detailed calculations and
explain the reason. Now that few stores have closed, what would be the total costs of all the remaining stores taken
together? Compare this to your answer when all the stores were in operation. Show the detailed
calculations and explain the reason for difference/similarity.

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