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

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsMICROECONOMICS CH : 10 PRODUCER'S EQUILIBRIUM1 Mark
Question
Shut-down point occurs when a firm is just covering its fixed costs only.
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Answer

False. Shut-down point occurs when a firm is just covering its variable costs only. Or, it is a situation when: TR=TVC or AR=AVC.

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