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Q Lawns TVC 0 50 2 100 4 300 6 500 8 1100 10 1800 12 2900 A perfectly competitive firm is mowing laws. They
Q Lawns | TVC |
0 | 50 |
2 | 100 |
4 | 300 |
6 | 500 |
8 | 1100 |
10 | 1800 |
12 | 2900 |
A perfectly competitive firm is mowing laws. They have variable costs of gas and maintenance of the mowers. They also have fixed costs of $2000 for the mowing season. If the price of a lawn mow is $300, what will be the optimal amount of lawns mowed?
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