i need it in next 7hrs

tumada

Total Variable Cost = (Number of Workers x Worker’s Daily Wage) + Other Variable Costs
Total Costs = Total Variable Costs + Total Fixed Costs
Total Revenue = Price * Quantity
Average Variable Cost = Total Variable Cost / Units of Output per Day
Average Total Cost = (Total Variable Cost + Total Fixed Cost) / Units of Output per Day
Complete the following:
- Calculate the firm’s profit or loss. Is the firm making a profit or a loss?
- Explain the Short Run Shut Down Rule. Should this firm shut down? Please explain.
Provide a report to the management of the firm that discusses what should be done.
Be sure to show your work to support the decision that you outline in your report.