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Study Problem 8-9 (algo) 6 The cost data in the following table are for Marshall's...

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Accounting

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Study Problem 8-9 (algo) 6 The cost data in the following table are for Marshall's Meats, a perfectly competitive firm. Round your answers to 2 decimal places. D pints Output Average Variable Cost Marginal Cost $ 30 $ References 1 2 3 4 5 6 7 Average Total Cost / $ 160 75 60 54 54 54.33 62.86 30 20 30 36 54 56 114 Total Cost $100 130 150 180 216 270 326 440 a. Complete above the table. b. What is the shutdown price? Shutdown price: $ c. If the market price of the product is $54, what quantity will Marshall's Meats produce? What will be its profit or loss? Quantity: (Click to select) : $ d. If the market price of the product is $20, what quantity will Marshall's Meats poduce? What will be its profit or loss? Quantity: (Click to select)

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