we see a short-run decision to open or shut down for the day and a long-run decision to enter or exit a market. A simple example to illustrate this is the decision to call in sick from work. I may call in because I do not feel well that day, and I would rather stay home than retain my sick day or get paid for the day, butjust because I call in sick does not mean I quit my job. The same thing with firms - they may have aday where they are better off to close for the day, but not close business for good. For this discussion, your task is to:

1. Think of an example, either from personal experience or from a business, that demonstrates the decision to shut down, but stay in a market. For example, when might you take a break but not give up on a project entirely?
2. Explain why either you might choose to stay home or a business might make the decision not produce in the short-run, yet stay in the activity or market in the long-run.