In the given diagram, identify the shutdown area.
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In the given diagram, identify the shutdown point.
Research the government shutdown using legitimate news and political sources. Describe the effect the government shutdown had on federal services and federal spending. Do you believe there were lasting effects from the government shutdown (if so - describe)? Discuss it in terms of the effect on government policy, the effect on the economy, and the effect on government services. Please site your resource.
Which is true regarding the shutdown point and the break-even point for a perfectly competitive firm?
a) they are two names for the same point
b) the shutdown point is the minimum average variable cost and the break-even point is the minimum average total cost
c) the shutdown point is the minimum average total cost and the break-even point is the minimum average variable cost
d) the shutdown point is the minimum average variable cost and the break-even point is the minimum average fixed cost
e) none of the above