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2.2 Should a firm shut down (and why) if its revenue is R = $1,000 per week and a. its variable cost is VC =
2.2 Should a firm shut down (and why) if its revenue is R = $1,000 per week and a. its variable cost is VC = $500, and its sunk fixed cost is F = $600? b. its variable cost is VC = $1,001, and its sunk fixed cost F = $500? c. its variable cost is VC = $500, its fixed cost is $800, of which $600 is avoidable if it shuts down
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