A shutdown point of firm
A shut down point is a point below which a firm cannot covers its average variable costs (AR = AVC)
Or
It is a point where marginal cost (MC) = average variable costs
CATEGORIES Economics
TAGS Dr. Bbosa Science
A shut down point is a point below which a firm cannot covers its average variable costs (AR = AVC)
Or
It is a point where marginal cost (MC) = average variable costs