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rventurec rventurec
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2 years ago
Producer Surplus and Pricing

The table shows the marginal cost of producing tires for five suppliers.
SupplierMarginal Cost
Tires R Us2​
SureTire6​
Tire Superstore10​
Tires Plus14​
Roll Out18​
What is the producer surplus when the price is $14? When price is $7?

▸ $24.00, $6.00

▸ $24.00, $21.00

▸ $4.00, $21.00

▸ $4.00, $6.00
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Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
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k9kulpritk9kulprit
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