Question: Barney has a snow removal business. The price he charges for snow removal is $10 for each driveway. He clears 20 driveways during the week. His average cost is $12.50, his average variable cost is $6.25, and his average fixed cost is $6.25. Answer the following questions below:
a. Calculate total revenue
b. Calculate total cost
c. Calculate total variable cost
d. Calculate total fixed cost
e. Calculate profit
f. Based on your calculations, a through e, should Barney shut down or continue to run his snow plow business? Why?