CA CPT Model Test Paper 13 with solutions for online practice

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Question : 119 of 200

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A firm encounters its "shutdown 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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