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A business should shut down if its revenue is less than its sunk costs. True or FalseEric is a price-taker in the market for coffee.

A business should shut down if its revenue is less than its sunk costs. True or FalseEric is a price-taker in the market for coffee. A typical cup of coffee contains $1.7 of coffee beans and $0.3 of milk, The market price for a cup of coffee is $2.8 per cup. What is Eric's marginal revenue? (Omit the dollar sign.)

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