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Question 28 (1.25 points) Thelma has a long term lease on her cotton farm with an annual lease payment of $10,000. Prior to planting in
Question 28 (1.25 points) Thelma has a long term lease on her cotton farm with an annual lease payment of $10,000. Prior to planting in the spring of 2020, she predicts that she will have $5000 left after paying all of her costs except for the annual lease payment. In this case, what should Thelma do? 0 continue to operate because total revenue exceeds total cost 0 exit the market and experience an accounting loss of $10,000 0 continue to operate even though she predicts an accounting loss of $5000 0 shut down and experience an accounting loss of $5000
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