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The producer surplus of making and selling 10 chairs is found by

Loraine

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The producer surplus of making and selling 10 chairs is found by

The producer surplus of making and selling 10 chairs is found by
A) multiplying the selling price by 10.
B) subtracting the marginal cost from the selling price for each chair and summing the differences for all 10 chairs.
C) subtracting from the total revenue the cost of producing one chair multiplied by 10.
D) adding the marginal cost and the price of all 10 chairs.
E) None of the above answers is correct.

Textbook

Essential Foundations of Economics

Edition: 7^th

Authors: Bade, Parkin

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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.

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Wing H.

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4 years ago

Thanks for the answer

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悠希翔

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4 years ago

thank you so much

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