Nabil cleaning service is a profit-maximizing, competitive firm. Nabil cleans washroom for $25 each. His total cost each day is $260, of which $30 is a fixed cost. He deep cleans 10 toilets a day. a....

Nabil cleaning service is a profit-maximizing, competitive firm. Nabil cleans
washroom for $25 each. His total cost each day is $260, of which $30 is a fixed cost.
He deep cleans 10 toilets a day.
a. What can you say about Nabil’s short-run decision regarding shutdown and
b. What is his long-run decision regarding exit?
Explain each decision with diagram.