Ball Bearings, Inc., faces costs of production as follows:

Quantity --------------------------0-----------------1-------------------2------------------3----------------------4--------------------5-----------------------6

Total Fixed Cost -------------100--------------100---------------100---------------100--------------------100---------------100--------------------100

Total Variable Cost -------------0----------------50------------------70-----------------90-------------------140---------------200--------------------360

The price of a case of ball bearings is $50. Seeing that he can't make a profit, the chief executive officer (CEO) decides to shut down operations. What is the firm's profit/loss? Was this a wise decision? Explain.