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44 Total Revenue $5,000 per Week Total Variable Cost $2,600 per Week Total Fixed Cost $2,400 per Week Let us suppose Harry's, a local supplier of chili and pizza, has the revenue and cost structure shown here. Multiple Choice О Harry's should stay open in the short run but shut down in the long run. Harry's should stay open in the short run. Harry's should shut down in the short run. O Harry's should shut down in the long run.

44 Total Revenue $5,000 per Week Total Variable Cost $2,600 per Week Total Fixed Cost $2,400 per Week Let us suppose Harry's, a local supplier of chili and pizza, has the revenue and cost structure shown here. Multiple Choice О Harry's should stay open in the short run but shut down in the long run. Harry's should stay open in the short run. Harry's should shut down in the short run. O Harry's should shut down in the long run.

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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44 Total Revenue $5,000 per Week Total Variable Cost $2,600 per Week Total Fixed Cost $2,400 per Week Let us suppose Harry's, a local supplier of chili and pizza, has the revenue and cost structure shown here. Multiple Choice О Harry's should stay open in the short run but shut down in the long run. Harry's should stay open in the short run. Harry's should shut down in the short run. O Harry's should shut down in the long run.
Transcribed Image Text:44 Total Revenue $5,000 per Week Total Variable Cost $2,600 per Week Total Fixed Cost $2,400 per Week Let us suppose Harry's, a local supplier of chili and pizza, has the revenue and cost structure shown here. Multiple Choice О Harry's should stay open in the short run but shut down in the long run. Harry's should stay open in the short run. Harry's should shut down in the short run. O Harry's should shut down in the long run.
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