Firm shut down when price is equal to minimum of AVC.
Minimum AVC = 14.8
Thus, price must be 14.8.
The table below shows the cost information for a firm in a perfectly competitive industry. What...
The table below shows the cost information for a firm in a perfectly competitive industry. What would be the shut down price for this firm? Q VC MC AFC AVC ATC FC 250 0 250 20 250.0 20 38 250 TC 250 270 288 304 321 339 18 1 2 3 4 125.0 54 16 71 89 17 18 5 250 250 250 250 250 250 359 20 6 7 381 22 109 131 155 181 209 239 20.0 19.0...