The cost Data in the following table are for Marshals meats , a perfectly competitive firm.
A. Complete the above table
What is the break even price ?
What is the shut down price ?
If the Market price of the product is $55, what quantity will Marshall's Meats produce ? What will be its profit or loss?
If the market price of the product is $90, what what quantity will Marshall's Meats produce ? What will be its profit or loss?
Please provide how you calculate the table step by step and the two corresponding parts after if you need to use more than 1 ask a question please do just need to know how to do this.
thank you in advance
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