CA CPT Model Test Paper 10 with solutions for online practice

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Question : 148 of 200

Marks: +1, -0

A firm encounters its shut down point when:

Average total cost equals price at the profit maximising level of output
Average variable cost equals price at the profit maximising level of output
Average fixed cost equals price at the profit maximising level of output
Marginal cost equals price at the profit maximising level of output

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