When AR passes through minimum point of AVC, it is called:

Related MCQs

• When AR passes through some point between minimum AVC and AC, it is called:
• If P exceeds AVC but is smaller than AC at the best level of output, the firm is
• Break-even point is a point where price is equal to
• Shut-down point is a point where price is equal to
• The point at which the firm covers its variable cost is called:
• The equilibrium point in game theory is called:
• In perfect competition the shutdown point is defined by
• Breakeven point means:
• The best, or optimum, level of output for a perfectly competitive firm is given by the point where
• At the shut-down point,