Your business is making a Show more Say you are the manager of a perfectly compeitive firm selling a product. Your business is making a loss because total revenue is less than total costs. What would you doshut down or continue to operate? Use hypothetical numbers to explain. Information you need to provide inclue-state the product you are selling the price of the product the quantity of the product you produce fixed costs total costs fiqure out total revenue total and average variable costs. Then go ahead and make your decision. Explain carefully why it makes better sense to shut down rather than continue to operate or to continue to operate rather than shut down as the case maybe. How do fixed costs play a role in your analysis? What is the difference between shutting down and going out of business? Show less
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The post Explain carefully why it makes better sense to shut down rather than continue to operate or to continue to operate rather than shut down as the case maybe. appeared first on Cheapest Academic Custom Papers.
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