Question: At its best possible output level, a firm has total revenue of $3,500 per day and total cost of $7,000 per day. What should this

At its best possible output level, a firm has total revenue of $3,500 per day and total cost of $7,000 per day. What should this firm do in the short run if?

a. The firm has total fixed costs of $3,000 per day?

b. The firm has total variable costs of $3,000 per day?

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