Shutdown (economics)

In economics, a firm will choose to implement a shutdown of production when the revenue received from the sale of the goods or services produced cannot even cover the fixed costs of production. In that situation, the firm will experience a higher loss when it produces, compared to not producing at all.

Technically, shutdown occurs if marginal revenue is below average variable cost at the profit-maximizing positive level of output. Producing anything would not generate revenue significant enough to offset the associated variable costs; producing some output would add losses (additional costs in excess of revenues) to the costs inevitably being incurred (the fixed costs). By not producing, the firm loses only the fixed costs.

Explanation

The goal of a firm is to maximize profits or minimize losses. The firm can achieve this goal by following two rules. First, the firm should operate, if at all, at the level of output where marginal revenue equals marginal cost. Second, the firm should shut down rather than operate if it can reduce losses by doing so.

Shutdown

Shutdown (noun) or shut down (verb) may refer to:

Entertainment

The West Wing (season 5)

The fifth season of the American political drama television series The West Wing aired in the United States on NBC from September 24, 2003, to May 19, 2004, and consisted of 22 episodes. This was the first season with executive producer John Wells as showrunner after series creator Aaron Sorkin departed the series after the conclusion of the previous season.

Cast

The fifth season had star billing for nine major roles, all nine of these were filled by returning main cast members from the fourth season. Martin Sheen receives the "and" credit for his role as President Josiah Bartlet. The rest of the ensemble are credited alphabetically, while Channing is only credited for the episodes in which she appears

Main cast

Shutdown (song)

Information

Single from PSI

Like "Dead Battery" This single was released in two different versions.

Track listing

CD 1.

CD 2.

Promotional single.

Music video

Here the band are performing in a power station with CGI used in the final edit. Then during the bridge part of the song the band freeze for a moment and we see a man climbing a rope (possibly this man is J.S. Clayden). Then he falls off during the final moments of the song. And finally destroying their instruments in the end.