Florencia makes reclining chairs in a perfectly competitive industry. She is looking for economic advice and shares the following data with you about her business. (Assume cost curves have their "standard" shapes we considered in the course.) Total revenue is $240,000, Total fixed costs are $140,000 Total variable costs are $152,000 Marginal cost is $300/unit Quantity produced is 600 units What will you suggest to Florencia?

Group of answer choices

Shut-down immediately

Do not shut down and increase production

Do not shut down but decrease production

Do not shut down and do not change the current production level.