The table below uses data for the year 2003 provided by the Bureau of Labor Statistics and adjusted to be comparable to U.S.data.All values are in thousands.Fill in the blank entries in the table.
Definitions:
Marginal Cost
The financial outlay involved in producing a supplementary unit of a good or service.
Crude Oil
A naturally occurring, unrefined petroleum product composed of hydrocarbon deposits and other organic materials, used as a primary energy source.
Industry Output
The total production of goods and services produced by a specific sector of the economy over a given period.
Marginal Cost
The cost incurred from producing one additional unit of a good or service.
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