The shutdown point is when a business should temporarily cease production as costs exceed revenue. Under perfect competition, firms shouldn't produce if they can't cover production and ...

A shutdown point in managerial economics is reached when a business no longer has sufficient revenue to cover its variable costs. The idea is that the firm will save money or at least lose less ...

The shutdown point is when a business should temporarily cease production as costs exceed revenue. Under perfect competition, firms shouldn't produce if they can't cover production and ...