(Answered) Profitable to shut down

Economics

Question: Consider a firm that produces 500,000 units per year. The firm's fixed costs are $100,000, marginal costs are $250 and the price per unit is $400. In the short-run, how low can price go before it is profitable to shut down? Please show steps how you get an answer and please be clear in your explanation.

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Macroeconomics, Economics

Category:- Macroeconomics
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