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A firm has weekly revenue of $1000. a) The firm's total cost is $1450 per week. The firm will shut down if weekly fixed (sunk)

A firm has weekly revenue of $1000.

a) The firm's total cost is $1450 per week. The firm will shut down if weekly fixed (sunk) cost is what?

b) The firm's variable cost is $500 and its fixed cost is $800. The firm shuts down if the percentage of fixed costs that is avoidable is greater than

20%, 40%, 60%, or 80%?

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