Jack's lawn-mowing service is a profit-maximizing, perfectly competitive firm. jack mows lawns for $27 each. his total cost each day is $280, of which $30 is total fixed cost. he mows 10 lawns a day. will jack exit the industry in the short-run? why or why not?
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Home » Mathematics » Jack's lawn-mowing service is a profit-maximizing, perfectly competitive firm. jack mows lawns for $27 each. his total cost each day is $280, of which $30 is total fixed cost. he mows 10 lawns a day.