Please solve these 2 questions.

The questions are below:

1.

The table below shows the costs and demand for the clove oil industry. Total Marginal Marginal Total Total Quantity Price Revenue Revenue Cost Cost Profit/Loss $27 26 27 25 49 24 70 23 22 112 21 136 20 162 19 190 a. Complete the table above. b. If this industry was perfectly competitive, what would be the output, price, and total industry profit/loss? Output: Price: $ Profit/loss: $ c. If this industry was a monopoly industry, what would be the output, price, and total industry profit/loss? Output: Price: $ Profit/loss: $a- Complete the table below, which shows the costs and revenues of Solo the monopolist. (You may assume that the demand curve is a straight line.) Leave no cells blank be certain to enter "0" wherever required. ___\" _____ ____Ill_\" _I-III___ ___II_-_ _I-III___ _I-I-EEI_-E-_ __I-III___ ____II_ \"I-III___ \"I-III_-E-_ ___I-III_ b. What are the values of the profitmaximizing output, price, and total prot or loss? Output: Price: $ Total : '3: c. At what output will total revenue be maximized, and what will be the value of total revenue? Output {units}: |:| Total revenue: $ d. What is the value of MR when prots are maximized and when total revenue is maximized? MR is $ when prots are maximized- MR is when total revenue is maximized