Should he continue to operate or shut down

Reference no: EM131481094

Question: Barney's snow removal service is a profit maximizing, competitive firm. Barney clears driveways for $10 each. His total cost each day is $250, and half of his total costs are fixed. If Barney clears 20 driveways a day, should he continue to operate or shut down? If this situation persists, will Barney stay in the industry or exit?

Reference no: EM131481094

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Should he continue to operate or shut down : Barney's snow removal service is a profit maximizing, competitive firm. Barney clears driveways for $10 each. His total cost each day is $250.

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