Question
1.Suppose Ali has started a car-wash service, which is a competitive firm. He wash car for Rs. 200 each. His total cost each day is
1.Suppose Ali has started a car-wash service, which is a competitive firm. He wash car for Rs. 200 each. His total cost each day is Rs. 2800, of which Rs. 300 is a fixed cost. He washes 10 cars a day. What can you say about Ali's short-run decision regarding shut down and his long- run decision regarding exit?
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Crashed How A Decade Of Financial Crises Changed The World
Authors: Adam Tooze
1st Edition
0143110357, 9780143110354
