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 =…

 
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