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Title: The price of a cowboy hat is $100. Willie can produce a hat at a marginal cost of $130, Waylon can p Post by: Loraine on Jun 20, 2015 The price of a cowboy hat is $100. Willie can produce a hat at a marginal cost of $130, Waylon can produce at a marginal cost of $100, and Merle can produce at a marginal cost of $85. Which of the following statements is correct?
A) The sum of producer surplus is $15. B) All three of these sellers will gain producer surplus from selling a hat. C) The sum of producer surplus is $30. D) Willie's producer surplus is $30. E) The sum of producer surplus is $45. Title: Re: The price of a cowboy hat is $100. Willie can produce a hat at a marginal cost of $130, Waylon c Post by: Sydnie on Aug 10, 2015 A
Title: Re: The price of a cowboy hat is $100. Willie can produce a hat at a marginal cost of $130, Waylon can p Post by: Sydnie on Aug 31, 2015 I was confident with my answer, glad it was correct.
Oh, and thumbs-up are more than welcome :) |