If a firm’s revenues do not cover its average variable costs, then that firm has reached its _________________ .
A. price taking point
B. shutdown point
C. marginal point
D. opportunity margin
Answer:B
If a firm’s revenues do not cover its average variable costs, then that firm has reached its _________________ .
A. price taking point B. shutdown point C. marginal point D. opportunity margin
Explanation: 4. In economics, the term “shutdown point” refers to the point where the