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MICROECONOMICS CH : 10 PRODUCER'S EQUILIBRIUM — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsMICROECONOMICS CH : 10 PRODUCER'S EQUILIBRIUM2 Marks
Question
Shut-down point means shutting down the firm. Do you agree?
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Answer

No, shut-down point occurs when a firm just covers its variable cost. A firm may decide to suspend production of the commodity for the time being. No way, can it close down during the short period.

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