looking to see if my answer is correct for this homework problem and if not why. the AVC is throwing me off QUESTION 9Using the graph below, determine if the firm should shut down or stay open in the short run.$MCАТС/ AVCMRQThe firm should shut down in the short run because they are earning negative economic profit.O The firms should stay open in the short run because they are earning a positive economic profit.The firm should stay open in the short run because they are able to cover some of their variable costs.The firm should stay open in the short run because they are able to cover some of their fixed costs.

according to diagram MR>MC. Revenue is more than its variable and fixed costs. Hence the firm…

QUESTION 9 Using the graph below, determine if the firm should shut down or stay open in the short run. MC ATC AVC MR The firm should shut down in the short run because they are earning negative economic profit. The firms should stay open in the short run because they are earning a positive economic profit. O The firm should stay open in the short run because they are able to cover some of their variable costs. The firm should stay open in the short run because they are able to cover some of their fixed costs.