Consider a firm with total revenue of $500, total cost of $700, and a variable cost of $400. Should the firm continue to operate or should it shut...

Consider a firm with total revenue of $500, total cost of $700, and a variable cost of $400. Should the firm continue to operate or should it shut down. Explain your answer.

Consider a firm with total revenue of $500, total cost of $700, and a variable cost of $400.Should the firm continue to operate or should it shut down. Explain your answer.Answer:Total revenue =...