Should a firm shut down if its weekly revenue is $1000 , its variable cost is $800 , and its fixed cost is $1200 , of which $350 is avoidable if it shuts down? Why? The firm should A. produce because revenue of $1 comma 000 is greater than variable costs. B. shut down because revenue of $1 comma 000 is less than fixed costs. C. shut down because revenue of $1 comma 000 is less than avoidable costs. D. produce because revenue is positive. E. shut down because because variable costs are less than fixed costs.
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