The cost Data in the following table are for Marshals meats , a perfectly competitive firm. Out put Average Variable cost Average Total Cost Marginal Cost Total Cost 0 / / / $70 1 90 2 100 3 150 4 205 5 265 6 355 7 510 A. Complete the above table What is the break even price ? What is the shut down price ?
The cost Data in the following table are for Marshals meats , a perfectly competitive firm. Out put Average Variable cost Average Total Cost Marginal Cost Total Cost 0 / / / $70 1 90 2 100 3 150 4 205 5 265 6 355 7 510 A. Complete the above table What is the break even price ? What is the shut down price ?
Chapter1: Making Economics Decisions
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The cost Data in the following table are for Marshals meats , a
Out put | Average Variable cost | Average Total Cost | Marginal Cost | Total Cost |
0 | / | / | / | $70 |
1 | 90 | |||
2 | 100 | |||
3 | 150 | |||
4 | 205 | |||
5 | 265 | |||
6 | 355 | |||
7 | 510 |
A. Complete the above table
What is the break even
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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