Consider the table below the supply schedules for three, Ask an Expert

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Consider the table below the supply schedules for three competitive firms, each producing honey. These three firms make up the entire industry.

	Output(Kg)
Market price ($/kg)	Firm A	Firm B	Firm C	Industry
2.50	100	0	0	--
3.00	125	0	0	--
3.50	150	100	0	--
4.00	175	150	0	--
4.50	200	200	100	--
5.00	225	250	175	--
5.50	250	300	250	--
6.00	275	350	325	--

1. Compute the total industry supply at each price and fill in the table.

2. Plot the supply curve for each firm and for the industry as a whole.

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M9166314

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