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Holly's Hot Dog Stand is a price taker and the table shows its cost of production. What is Holly's shutdown point and what is Holly's
Holly's Hot Dog Stand is a price taker and the table shows its cost of production. What is Holly's shutdown point and what is Holly's economic profit if it shuts down temporarily?
Output (hot dogs per hour) Total cost (dollars per hour)
0 10
5 21
10 30
15 41
20 54
25 69
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