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Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364

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BuyFindarrow_forward

Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364
Textbook Problem

What two lines on a cost curve diagram intersect at the shutdown point?

To determine

The two lines that intersect on a cost curve diagram at the shutdown point.

Explanation

Since marginal cost can be derived from the total variable cost, these two curves are interrelated. This can be seen in the diagram below:

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