A firm shut-down point is reached when:
A. . average revenue fails to cover average total cost
B. average revenue fails to cover average variable cost.
C. . average revenue fails to cover average fixed cost
D. average.fails to cover marginal cost.
Answer:B
A firm shut-down point is reached when:
A. . average revenue fails to cover average total cost B. average revenue fails to cover average variable cost. C. . average revenue fails to cover average fixed cost D. average.fails to cover marginal cost.