In economics. the term “shutdown point” refers to the point where the

In economics, the term “shoutdown point” refers to the point where the Marginal cost curve crosses the total revenue curve average variable cost curve crosses the total revenue curve. Average variable cost curve crosses the marginal cost curve. Marginal cost curve crosses the average variable cost curve. An ____is calculated by subtracting the firm’s total costs from its revenues, ____. accounting profit; excluding opportunity cost accounting profit; including opportunity cost economic profit excluding opportunity cost opportunity cost; including economic profit Economic profit can be derived from calculating total revenues minus all of the firm’s costs, ____ excluding its opportunity costs including its opportunity costs

In economics, the term “shoutdown point” refers to the point where the Marginal cost curve crosses the total revenue curve average variable cost curve crosses the total revenue curve. Average variable cost curve crosses the marginal cost curve. Marginal cost curve crosses the average variable cost curve. An ____is calculated by subtracting the firm’s total costs from its revenues, ____. accounting profit; excluding opportunity cost accounting profit; including opportunity cost economic profit excluding opportunity cost opportunity cost; including economic profit Economic profit can be derived from calculating total revenues minus all of the firm’s costs, ____ excluding its opportunity costs including its opportunity costs

Answer

Answer:- In economics, the term shut down point refers to the
point where the

correct Answer:- Marginal cost curve crosses average variable
cost curve. .

Answer:- An…………. is calculated by subtracting the firm’s
costs from its total revenues……..

Correct Answer:- Accounting profit, excluding opportunity
cost

Answer:- economic profit can be derived from calculating total
revenues minus all of the firm’s costs ………..

Correct Answer:- Excluding its opportunity cost