September 2023 Total Variable Cost Number of Workers x Worker s Daily Wage Other Variable

2024 i need it in next 7hrs Assignment Help

Total Variable Cost Number of Workers x Worker s Daily Wage Other Variable 2023

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.

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