Price of the product is less than the shut-down piece

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What is the objective of the firm manager, and what is the criterion for determining the output level in each of the following cases:

a) The price of the product is less than the shut-down piece?

b) The price of the product is greater than the shutdown price but less than the break-even price?

c) The price of the product is greater than the break-even price?

Reference no: EM13886643

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