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. This is the updated question for number 2 9 The table below shows the costs and demand for the clove oil industry Total Marginal

.
This is the updated question for number 2

9 The table below shows the costs and demand for the clove oil industry Total Marginal Marginal Total Total Skipped Quantity Price Revenue Revenue Cost Cost Profit/Loss $25 $5 1 24 25 eBOOK 2 23 44 3 22 62 4 21 79 5 20 95 6 19 112 18 130 17 149 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: $ Prey 9 of 10 Next >

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