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Shawarma Palace is a perfect competitor. The price for a shawarma in the Ottawa market is $10. tario can produce maple baseball bats according to
Shawarma Palace is a perfect competitor. The price for a shawarma in the Ottawa market is $10. tario can produce maple baseball bats according to the fixed and 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 onse box below.) 5 Total Average Fixed Average 7 Marginal Cost Variable Cost Cost 2 10 14 4 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 g marginal product have on the shape of the elastic than the short-run supply curve
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