The Short-Run Shut-Down Price Is The

question 204

Multiple Choice

The short-run shut-down price is the:

• A)price at which economic profit is zero.
• B)minimum of the AVC curve.
• C)intersection of the MC and ATC curves.
• D)minimum of the AFC curve.

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Definitions:

Ionic Compounds

Chemical compounds composed of ions held together by electrostatic forces known as ionic bonding.

Dissolve

The process of a substance becoming incorporated into a liquid to form a solution, typically through physical and chemical interactions.

Dissociate

Ionization in which ions are dissolved in water and the cations and anions are surrounded by water molecules.

Charge

In physics, charge refers to a property of matter that causes it to experience a force when near other electrically charged matter; there are two types, positive and negative, which attract each other.