Economy, asked by nikhilsharma326, 1 year ago

Distinguish between break even point and shut even point short answers

Answers

Answered by shivjal
0

Answer:

At the break-even point the price is just equal to the minimum of SAC and the firm earns normal profit. In such a situation the firm continues production but the revenue earned is just equal to meet its fixed and variable costs. On the other hand, at the shut-down point the price is just equal to the minimum of SAVC.

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