A Firm's Marginal Cost Has a Minimum Value of $50,its

question 237

Multiple Choice

A firm's marginal cost has a minimum value of $50,its average variable cost has a minimum value of $80,and its average total cost has a minimum value of $90.Then the firm will shut down if the price of its product falls below

• A) $90.
• B) $80.
• C) $50.
• D) $40.

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