Mikes cafe is a profit-maximizing competitive coffee shio, Ask an Expert

Economics

Mike's Cafe is a profit-maximizing, competitive coffee shio. Mike charges $2 per cup. His total cost each day is $150, of which $75 is a fixed cost. He sells 50 cups a day. What can you say about Mike's short-run decision regarding shut-down and his long-run decision regarding exit?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91570838

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