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Production and cost — Economics STD 12 Humanities & Commerce — Question

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsProduction and cost1 Mark
Question
What is shut down point?
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Answer

Shut down point occurs when firm is just able to cover its Variable Costs, incurring the losses equal to Fixed Cost of production. Accordingly, shut down point is defined as a situation when TR < TVC or AR < AVC.

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