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QUESTION

A firm currently uses 40,000 workers to produce 180,000 units of output per day. The daily wage per worker is $100, and the price of the firm's...

Explain the Short Run Shut Down Rule. Should this firm shut down? Please explain. Provide a report to the management of the firm that discusses what should be done. Be sure to show your work to support the decision that you outline in your report.
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