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Shut-down point is when Price equals Minimum Average Variable Cost. At this point the firm is indifferent between producing or shutting down. This is because at the point Total Revenue is equal to Total Variable Cost, so by producing or shutting down, the firm is making a Loss equal to Total Fixed Costs no matter what it chooses to do
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Can you explain the shut-down rule in perfect competition?
Shut-down point is when Price equals Minimum Average Variable Cost. At this point the firm is indifferent between producing or shutting down. This is because at the point Total Revenue is equal to Total Variable Cost, so by producing or shutting down, the firm is making a Loss equal to Total Fixed Costs no matter what it chooses to do
What is a general rule used to explain a specific event is called?
A general rule used to explain a specific event is called?
What is 4cs in marketing rule?
Consumer, Competition, Communication, Cost.
What is 4c marketing rule?
Consumer, Competition, Communication, Cost.
How do you find the rule in a numerical pattern?
explain how to find the rule in a numerical pattern
Something that helps to explain the word rule?
Not clear if this is about the word ‘rule’, or about something called the word rule.
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rule that could explain what makes a sentence grammatically correct or not before the noun."
Explain why united kingdom follow the rule of law?
yes they do follow the rule of law.
What eliminated France as competition for rule in India?
the seven year's war
What eliminated france as competition for rule of india?
The main thing that eliminated France as competition for rule of India was the literacy tests which were used in voting. The Jim Crow laws also played a significant role in this elimination.
Does Owen come back in tda?
Owen returns to the competition in the episode Rock n' Rule, making him the first male in the entire series to return to the competition.
In a business what is the shut down rule in the long run?
need to answer a question conserning shut down rule
