Microeconomics

MCQ - 47-4057

Question:

For the perfectly competitive firm, the profit-maximizing decision to shut down is made when the price

falls below minimum average total cost.
is greater than minimum average variable cost, but lower than minimum average total cost.
falls below minimum average variable cost.
is greater than minimum average variable cost, but lower than minimum average total cost.
is equal to average fixed cost.

Correct Answer: C

Explanation:

This is the shutdown point.

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269 MCQ for effective preparation of the test of Microeconomics of Economics section.

Read the MCQ statement: For the perfectly competitive firm, the profit-maximizing decision to shut down is made when the price , keenly and apply the method you have learn through the video lessons for Microeconomics to give the answer. Record your answer and check its correct answer and video explanation for MCQ No. 47-4057.

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Solve the question for MCQ No. and decide which option (A through D/E) is the best choice to answer the MCQ, then click/tap the blue button to view the correct answer and it explanation.

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