Pawel is a consultant for an economic advisory service. He currently produces 10 hours per week of consultancy services. The price of an hour of his services is , and the market for consultancy services is perfectly competitive. The table below shows his costs associated with producing 10 hours of services:
\begin{tabular}{ll}
Type of cost & Cost \\
\hline & \\
& \\
&
\end{tabular}
If Pawel wants to maximize profit, what is his best course of action in the short run?
Choose 1 answer:
(A) do not change output
(B) exit the industry
(C) decrease output
(D) shut down
(E) increase output
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