Practice: The price for a pair of edible underpants is $50. In the short-run, the firm should: 
We shutdown the business if producing units will cause us to lose more money.
Concept #1: Short Run Shutdown Decision
Concept #2: Short Run Shutdown Decision (continued)
Concept #3: Short Run Shutdown Decision on the Graph
Practice: The price for a pair of edible underpants is $50. In the short-run, the firm’s total revenue is:
Practice: The price for a pair of edible underpants is $50. In the short-run, the firm’s profit (or loss) is:
Practice: The firm shuts down at any price below:
Practice: What is the least amount of output, assuming the firm does not shut down?
Practice: If the price falls from P4 to P3, then output will decrease by
