{
  "id": "shut-down-break-even",
  "name": "Shut-down and break-even prices",
  "unit": "micro",
  "unitName": "Unit 2 · Microeconomics",
  "topic": "Perfect competition (HL)",
  "hl": true,
  "description": "The short-run shut-down price is minimum AVC; the break-even price is minimum ATC. The firm’s short-run supply curve is its MC curve above AVC; in the long run it is MC above ATC.",
  "keywords": [
    "shut-down price",
    "break-even price",
    "short run supply curve",
    "minimum AVC",
    "minimum ATC",
    "perfect competition"
  ],
  "schemaUrl": "https://graphs.lectere.com/api/v1/templates/shut-down-break-even",
  "previewUrl": "https://graphs.lectere.com/thumbs/shut-down-break-even.svg",
  "editorUrl": "https://graphs.lectere.com/graph/shut-down-break-even/",
  "params": [
    {
      "key": "highlight",
      "label": "Highlight the firm’s supply curve",
      "default": "sr",
      "type": "enum",
      "options": [
        {
          "value": "sr",
          "label": "Short run (MC above AVC)"
        },
        {
          "value": "lr",
          "label": "Long run (MC above ATC)"
        },
        {
          "value": "none",
          "label": "None"
        }
      ]
    },
    {
      "key": "labels",
      "label": "Label shut-down and break-even points",
      "default": true,
      "type": "boolean"
    },
    {
      "key": "prices",
      "label": "Show the two prices on the axis",
      "default": true,
      "type": "boolean"
    }
  ],
  "defaults": {
    "highlight": "sr",
    "labels": true,
    "prices": true
  },
  "panels": [
    {
      "id": "main",
      "title": null,
      "xLabel": "Output",
      "yLabel": "Costs, revenue",
      "xRange": [
        0,
        10
      ],
      "yRange": [
        0,
        10
      ],
      "axisKeys": {
        "x": "main:x",
        "y": "main:y"
      }
    }
  ],
  "labels": [
    {
      "key": "main:y",
      "default": "Costs, revenue",
      "hint": "Vertical axis",
      "panel": "main"
    },
    {
      "key": "main:x",
      "default": "Output",
      "hint": "Horizontal axis",
      "panel": "main"
    },
    {
      "key": "main.avc",
      "default": "AVC",
      "hint": "Curve",
      "panel": "main"
    },
    {
      "key": "main.atc",
      "default": "ATC",
      "hint": "Curve",
      "panel": "main"
    },
    {
      "key": "main.mc",
      "default": "MC",
      "hint": "Curve",
      "panel": "main"
    },
    {
      "key": "main.supply",
      "default": "short-run supply",
      "hint": "Curve",
      "panel": "main"
    },
    {
      "key": "main.sd",
      "default": "shut-down point",
      "hint": "Point",
      "panel": "main"
    },
    {
      "key": "main.sd:y",
      "default": "P_{SD}",
      "hint": "Vertical-axis value",
      "panel": "main"
    },
    {
      "key": "main.be",
      "default": "break-even point",
      "hint": "Point",
      "panel": "main"
    },
    {
      "key": "main.be:y",
      "default": "P_{BE}",
      "hint": "Vertical-axis value",
      "panel": "main"
    }
  ],
  "elements": [
    {
      "key": "main.avc",
      "kind": "curve",
      "label": "AVC"
    },
    {
      "key": "main.atc",
      "kind": "curve",
      "label": "ATC"
    },
    {
      "key": "main.mc",
      "kind": "curve",
      "label": "MC"
    },
    {
      "key": "main.supply",
      "kind": "curve",
      "label": "short-run supply"
    },
    {
      "key": "main.sd",
      "kind": "point",
      "label": "shut-down point"
    },
    {
      "key": "main.be",
      "kind": "point",
      "label": "break-even point"
    }
  ],
  "stats": null,
  "example": {
    "template": "shut-down-break-even",
    "params": {
      "highlight": "sr",
      "labels": true,
      "prices": true
    }
  }
}