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Business, 16.11.2019 03:31 stalley1521

Bob's lawn-mowing service is a profit-maximizing, perfectly competitive firm. bob mows lawns for $27 each. his total cost each day if $280, of which $30 is fixed. he mows 10 lawns per day. what can you say about bob's short-run decision regarding whether to shut down and his long-run decision regarding whether to exit the industry?

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