Let's imagine you own an ice cream store in Buffalo NY$.$ Imagine also it is winter, very cold with much snow. Not surprisingly, suppose this January you are told that your store is earning negative profit $($say for that month$).$ Suppos also as might be expected you are further told that you had made negative profit every January for the last $10$ years. Question: Under this circumstance, should the company close for January? $($This will be the same as asking should a firm shut down?$).$ I$\text{'}$m not saying to go out of business, just perhaps in this case you shut down for a couple months to reopen when it gets warmer?

Hint:

Think about asking yourself, if they did shut down $-$ would that ensure they at least break even rather than taking the loss? Then follow up on this to see if you can guess on how to complete a result that would look something like...

Stay open as long as $???>???$

after your initial post, please read the provided instructor solution and then comment a second time within $10$ minutes if you think your response matched, or any general post solution reaction..

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