A firm's shutdown point is the output and price at which the firm's total revenue just equals its total variable cost.

Name: A firm's shutdown point is the output and price at which the firm's total revenue just equals its total variable cost.
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The shutdown point occurs when a firm's total revenue is equal to its total variable costs, meaning the firm is not covering its fixed costs and would minimize losses by ceasing production.

A Firm's Shutdown Point Is the Output and Price at Which