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?

 
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