(Answered) Question barney has a snow removal business the price he

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:

a. Calculate total revenue

b. Calculate total cost

c. Calculate total variable cost

d. Calculate total fixed cost

e. Calculate profit

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

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