Commerce · Q373

Economics

Graduate and Post Graduate · Commerce · question 373

Q373

At shut down point

A.

Price is equal to AVC

B.

Total revenue is equal to TVC

C.

Total loss of the firm is equal to TFC

D.

All of the above

Answer

Answer: Option D

Solution

Answer: Option D

Solution:

At shut down point Price is equal to AVC, Total revenue is equal to TVC and Total loss of the firm is equal to TFC.

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