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1. Should a firm shut down (and why) if its revenue is $1,000 per week, and: a) its variable cost is

1. Should a firm shut down (and why) if its revenue is $1,000 per week, and: a) its variable cost is $500, and its sunk fixed cost is $600? b) its variable cost is $1,001, and its sunk fixed cost is $500? 2. Should a firm shut down if its weekly revenue is $1,000, its variable cost is $500, and its fixed cost is $800, of which $600 is avoidable if it shuts down? Why?

 

Apr 27 2020 View more View Less

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