Microeconomics 6th Edition by Robert Hall, Shirley Kuiper, Marc Lieberman

Exercise 1

At its best possible output level,a firm has total revenue of $3,500 per day and total cost of $7,000 per day. What should this firm do in the short run if:
a. the firm has total fixed costs of $3,000 per day?
b. the firm has total variable costs of $3,000 per day?