Question barney has a snow removal business the price he, Ask an Expert

Economics

Question: Barney has a snow removal business. The price he charges for snow removal is $10 for each driveway. He clears 20 driveways during the week. His average cost is $12.50, his average variable cost is $6.25, and his average fixed cost is $6.25. Answer the following questions below:

Calculate total revenue

Calculate total cost

Calculate total variable cost

Calculate total fixed cost

Calculate profit

Based on your calculations, a through e, should Barney shut down or continue to run his snow plow business? WHY?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M92598522

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