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Lauren1 Lauren1
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Posts: 4120
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9 years ago
Considering all costs of production, the marginal cost of producing a hot dog is $1.00. The price of a hot dog is $1.50. Thus, the producer surplus from this hot dog is
A) $1.50.
B) $1.00.
C) $.50.
D) Zero, because $1.50 is the most anyone would pay for a hot dog.
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MrDerecheMrDereche
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#1
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9 years ago
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Lauren1 Author
wrote...
#2
9 years ago
Thank you, this really, really helps Heavy Heart
wrote...
#3
9 years ago
You're welcome!
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