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Business, 13.06.2020 01:57 xxtonixwilsonxx
Suppose that Doe’s dad gave him a tractor-trailer rig from which he generates a monthly total revenue of $25,000. His total monthly gas and maintenance costs are $18,000. Tractor-trailer rigs identical to that of Doe can be rented for $15,000 a month. Doe can also, if he so chooses, work for another firm and earn $5,000 a month. Assuming that nothing will change, how will you advise Doe based only on economic profit, given the information provided?
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Suppose that Doe’s dad gave him a tractor-trailer rig from which he generates a monthly total revenu...
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