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3. If a firm has TFC = $2,000 per day, and is currently losing $1,500 per day, should the firm shut down?
3. If a firm has TFC = $2,000 per day, and is currently losing $1,500 per day, should the firm
shut down?
4. f a firm is producing where MR =MC, and at that output level TR = $4,500, TC = $5,000,
and TVC = $4,000 per week, is the firm making or losing money? How much? Should the
firm shut down?