[Step-by-Step] Suppose that at a particular output level a firm's MR = MC = $15 and its AVC = $12. Should a perfectly competitive firm shut down or continue
Question: Suppose that at a particular output level a firm's MR = MC = $15 and its AVC = $12. Should a perfectly competitive firm shut down or continue to operate? (2 marks)
Deliverable: Word Document 
Solution: Firm XYZ is currently producing 50 units of output
![[All Steps]](/images/solutions/MC-solution-library-56194.jpg "[All Steps]")
[All Steps] "If MC = ATC when Q = 25, and MR = ATC when Q = 35,
(Solution Library) Can a firm earn an economic loss and an accounting profit
![[See Solution] What is the significance of](/images/solutions/MC-solution-library-56196.jpg "[See Solution] What is the significance of equating marginal cost")
[See Solution] What is the significance of equating marginal cost
![[Step-by-Step] The diagram below shows the production](/images/solutions/MC-solution-library-56197.jpg "[Step-by-Step] The diagram below shows the production function")
[Step-by-Step] The diagram below shows the production function
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