At an output of 55,AVC is $41 and MC is $38.At an output of 56,AVC is $42 and MC is $43.We may conclude that at the shutdown point AVC is
A) greater than $43.
B) less than $43.
C) less than $42.
D) less than $41.
Correct Answer:
Verified
Q232: Q233: A firm with explicit costs of $3,000,000,no Q234: At an output of 15,AVC is $20 Q235: At an output of 6,ATC = $30,MC Q236: At an output of 19,MC = $39 Q238: At an output of 10,ATC is $9 Q239: In the long run a perfect competitor Q240: The Hilltop Coffee Company is a perfectly Q241: Losses are always minimized when _ equals Q242: Marginal cost is the _;marginal revenue is![]()
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