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Jill's Lawn Mowing Service is a small business that acts as a price taker

Economics

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Jill's Lawn Mowing Service is a small business that acts as a price taker. The prevailing market price of lawn mowing is $16 per acre. Jill's costs are given by (where q represents number of lawns mowed): TC = 0.192 + 109 + 50 To maximize profit, Jill should mow lawns. At the profit maximizing level of production, total variable costs are equal to $