Problem
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?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.