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Question 45 (8 points) Shawarma Palace is a perfect competitor. The price for a shawarma in the Ottawa market is $10. a. Complete the following

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Question 45 (8 points) Shawarma Palace is a perfect competitor. The price for a shawarma in the Ottawa market is $10. a. Complete the following table for the columns of price, total revenue, profit. marginal revenue, and marginal cost. If Shawarma Palace is maximizing profit, how many units of output should it produce? (You may copy the following table into your response box below.) Quantity Total Marginal Marginal Sold Price Revenue Total Cost Profit Revenue Cost 0 10 w 14 A 19 25 6 32 7 40 8 49 9 59 10 70 b. In general, for a perfectly competitive market, why is the long run supply curve more elastic than the short-run supply curve? Pa... By

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