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1. What is the short run shut-down point for a
firm?
A) The lowest point on the average variable
cost (AVC) is called the shut-down point
B) The lowest point on the average cost (AC) is
called the shut-down point
C) The lowest point on the marginal cost (MC)
is called the shut-down point
D) The lowest point on the average fixed cost
(AFC) is called the shut-down point
of. E) The lowest point on the total cost (TC) is
called the shut-down point