Juan makes dining room chairs in a perfectly competitive industry. He is looking for economic advice and tells you the following data about his business. (Assume cost curves have their standard shapes.) . Total revenue is $120,000, . Total fixed costs are $100,000 . Total variable costs are $110,000 . Marginal cost is $200/unit . Quantity produced is 600 units What will you suggest to Juan? O Shut-down immediately O Do not shut down and increase production Do not shut down but decrease production O Do not shut down and do not change the current production level