Refer to Table 9.3. The shutdown point price for this firm is

A) $0.
B) $20.
C) $30.
D) $56.

Question

Refer to Table 9.3. The shutdown point price for this firm isA)  $0.B)  $20.C)  $30.D)  $56.

Harenton Garay · Accepted Answer

Final Answer : C, Explanation :  The shutdown point occurs where the price equals the minimum average variable cost (AVC). From the table, the minimum AVC is $30 at q = 2 and q = 3.

Refer to Table 9.3. The shutdown point price for this firm is

A) $0.
B) $20.
C) $30.
D) $56.

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