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Tony's lawn-mowing service is a profit-maximising, competitive firm. Tony mows lawns for $27 each. His total cost each day is $280, of which $30 is
Tony's lawn-mowing service is a profit-maximising, competitive firm. Tony mows lawns for $27 each. His total cost each day is $280, of which $30 is a fixed cost. He mows 10 lawns a day. With some calculations, explain and analyse Tony's short-run decision?
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