Why is the shutdown point not a hard and fast rule

Reference no: EM13222559

1) Why are Cost Minimization and Profit Maximization on paper the same but in application different?

2) Why is the shutdown point not a hard and fast rule of MR=MC=AVC?

3) Why does the government's desire to not provide health care at certain points maybe economically rational and dangerous? Explain.

Reference no: EM13222559

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