Therefore considering only the given information should

Reference no: EM13387272

A firm has Total Costs (TC) of $16,000 over the next three months (TOTAL for the 3 months - not per month), of which $6,000 are fixed costs (TFC) for rent on its lease that cannot be broken. If it stays in business over those months, then the firm will collect only $12,000 in revenues (TR). So, considering only this information, should they stay in business for those three months, or should they close down right now? Provide your reasoning

Reference no: EM13387272

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