A firm sells 1000 units per week. It charges $15 per unit, the average variable costs are $10, and the average costs are $25. In the long run, the firm should a. Shut-down because it is cost effective to pay off the remaining fixed costs b. Continue operating as the firm is covering all the variable costs and some of the fixed costs c. Shut-down as the firm is making a loss of $10,000 per week d. Shut-down as price is lower than average cost

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.