Top Posters
Since Sunday
I
3
p
2
w
2
y
2
J
2
Q
2
r
2
o
2
e
2
j
2
d
2
T
2
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
Loraine Loraine
wrote...
Go to Answer
Posts: 4563
Rep: 33 0
9 years ago
The price of a shirt is $20. Charlie can produce a shirt at a marginal cost of $10, Mac can produce a shirt for $18, and Dennis can produce a shirt for $22. For a shirt, Deandra has a marginal benefit of $25, Frank has marginal benefit of $20, and Artemis has a marginal benefit of $18. Which of the following statements is correct?
A) The sum of consumer surplus is $5 and the sum of producer surplus is $12.
B) The sum of consumer surplus is $12.
C) Only Frank and Artemis will purchase a shirt.
D) Only Dennis will produce a shirt.
E) The sum of producer surplus is $10.
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
Read 848 times
2 Replies
Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
Replies
Answer verified by a subject expert
SydnieSydnie
wrote...
#1
Top Poster
Posts: 3807
Rep: 458 1
9 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here

Related Topics

wrote...
#2
4 years ago
thank u
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1812 People Browsing
 121 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Related Images
  
 488
  
 377
  
 336
Your Opinion
What's your favorite math subject?
Votes: 559
Previous poll results: Which industry do you think artificial intelligence (AI) will impact the most?