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Loraine Loraine
wrote...
Posts: 4563
9 years ago
If a firm produces five chairs with marginal costs of $25, $30, $40, $55, and $75, respectively, and sells them for $80 each, what is the firm's total producer surplus?
A) $400
B) $225
C) $175
D) $150
E) $80
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
Read 528 times
1 Reply
Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.

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9 years ago
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