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. You have been hired by an unprofitable firm to determine whether it should shut down its unprofitabletable operation. The firm currently uses 70 workers
. You have been hired by an unprofitable firm to determine whether it should shut down its unprofitabletable operation. The firm currently uses 70 workers to produce 300 units of output per day. The daily wage (per worker) is $100, and the price of the rm's output is $30. Although you don't know the firm's fixed cost, you know that it is high enough that the rm's total cost exceeds its total revenue. Should the firm continue to operate at a loss?
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