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Author Question: The shutdown point for a perfectly competitive firm is the (Read 59 times)

mydiamond

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on: Apr 19, 2019

Question 1

A firm will shut down in the short run if


◦ it is suffering a loss.
◦ fixed costs exceed revenues.
◦ variable costs exceed revenues.
◦ total costs exceed revenues.

Question 2

The shutdown point for a perfectly competitive firm is the


◦ lowest point on the 
ATC curve.
◦ point at which a firm's long-run supply curve ends.
◦ lowest point on the 
AVC curve.
◦ lowest point on the marginal cost curve.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by mydiamond on Apr 19, 2019

lauravaras

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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mydiamond

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Reply 2 on: Apr 19, 2019
YES! Correct, THANKS for helping me on my review

xthemafja

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Reply 3 on: Yesterday
:D TYSM

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