of • A firm faces a fixed non-recoverable cost of $2000 per week. • If it operates, it maximizes profit by hiring 10 wor

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Of A Firm Faces A Fixed Non Recoverable Cost Of 2000 Per Week If It Operates It Maximizes Profit By Hiring 10 Wor 1 (32.1 KiB) Viewed 21 times

of • A firm faces a fixed non-recoverable cost of $2000 per week. • If it operates, it maximizes profit by hiring 10 workers at a wage per worker of $100 per day, and by selling 500 units of its output per day at a price of $5. The firm has no other costs. In the short run, the firm should: a. operate because total revenue exceeds total variable costs. Ob. shut down because total variable costs exceed total revenue. Oc. operate because total revenue exceeds total cost. Od. shut down because total costs exceed total revenue.