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Business, 23.12.2019 20:31 DerekMoncoal

Bob’s lawn-mowing service is a profit-maximizing, competitive firm. bob mows lawns for $27 each. his total cost each day is $280, of which $30 is a fixed cost. he mows 10 lawns a day. what can you say about bob’s short-run decision regarding shutdown and his long-run decision regarding exit?

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Bob’s lawn-mowing service is a profit-maximizing, competitive firm. bob mows lawns for $27 each. his...
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