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17) please help a soul A company has the following costs and revenue: Fixed cost = P25,000, variable costs = P70,000, total Revenue = P60,000.

17) please help a soul

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A company has the following costs and revenue: Fixed cost = P25,000, variable costs = P70,000, total Revenue = P60,000. Which of the following statements is true? The company should shut down in the short run since total revenue is less than variable costs. The company should shut down in the short run since fixed costs are less than variable costs. The company should stay open in the short run since total revenue is greater than fixed costs. O The company should stay open in the short run since fixed cost are less than variable costs

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