1. Business
  2. Economics
  3. please write in sentence and explain clearly thank you...

Question: please write in sentence and explain clearly thank you...

Question details

Cathy started her own line of custom made, hand embellished wedding shoes. She opened up her own shop paid $2500 in fixed licensing fee. She used about $3000 in raw materials and made $3500. At the end of the first month, Carly, her sister looked at her financials and told her that she was losing money and should shut down. Cathy is heartbroken. As an economics guru, what would you advise her to do?Please write in sentence and explain clearly. Thank you,

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