1.3 For cases A through F in the following table, would you

(a) operate or shut down in the short run and

(b) expand your plant or exit the industry in the long run?

A B C D E F Total revenue 500 1,500 2,500 5,000 5,000 5,000 Total cost 800 1,000 3,200 4,500 5,000 5,500 Total fixed cost 150 500 200 1,500 1,500 1,500