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Operate or shut down in the short-run

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Reference no: EM133128130

A firm is deciding whether to operate or shut down in the short-run. They have provided you with the following information:

TC=10,000

VC=2,000

FC=8,000

P=25

Q=100

List of abbreviations:

TC=Total Cost

VC=Total Variable Cost

FC=Total Fixed Cost

P=Price

Q=Quantities Sold

What should the firm do?

Continue to Operate or Shut Down?

Reference no: EM133128130

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