A firm's marginal cost has a minimum value of $50,its average variable cost has a minimum value of $80,and its average total cost has a minimum value of $90.Then the firm will shut down once the price of its product falls below

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Since the firm's minimum average variable cost is $80, it must produce and sell goods at a price above $80 to cover its variable costs. However, if the price falls below $80, the firm's revenue will not be sufficient to cover its variable costs, leading to losses. Therefore, the firm will shut down if the price falls below $80.

A Firm's Marginal Cost Has a Minimum Value of $50,its