CUET Preparation Today
| What is a shutdown point? a) Along the supply curve as we move down, the last price-output combination at which the firm produces positive output is the point of minimum AVC where the SMC curve cuts the AVC curve. b) The shut down point is the minimum of LRAC curve. |
Both a and b are true a is true, b is not b is true, a is not Both a and b are false |
| Both a and b are true |
