Urgently required......

For the most recent financial reporting period, a business domiciled in Ecuador (which recognizes the US dollar as an official currency) has revenue of $2 million and TC of $2.5 million, which are or can be broken down into TFC of $1 million and TVC of $1.5 million. The net loss on the firm's income statement is reported as $500,000 (ignoring tax implications). In prior periods, the firm had reported profits on its operations. 1. What decision should the firm make regarding operations over the short term? 2. What decision should the firm make regarding operations over the long term? 3. Assume the same business scenario except that revenue is now $1.3 million, which creates a net loss of $1.2 million. What decision should the firm make regarding operations in this case