Question: iii $40.50 . . soon ________ mm lm . . . o m 1m no my Refer to Figure above. Assume that the current market

iii $40.50 . . soon ________ mm lm . . .

o m 1m no my Refer to Figure above. Assume that the

iii $40.50 . . soon ________ mm lm . . . o m 1m no my Refer to Figure above. Assume that the current market price is $311). Should the firm represented in the diagram continue to stay in business? 0 a. No. it should shut down because it is incurring a loss. 0 b. No. it should shut down because it cannot cover its variable cost. 0 c. Yes, by continuing it can recover a part of its fixed cost. 0 d. Yes, because it is making a profit

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