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Author Question: Suppose Tucker Inc is willing to sell one gizmo for 10, a second gizmo for 15, a third for 20, and ... (Read 49 times)

rachel9

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on: Jun 30, 2018
Suppose Tucker Inc is willing to sell one gizmo for 10, a second gizmo for 15, a third for 20, and the market price is 25 . What is Tucker Inc's producer surplus?
 a. 10 b. 15
  c. 30 d. 50

Question 2

Producer surplus measures the value between the actual selling price and the:
 a. price sellers are willing to sell the product.
  b. deadweight loss price.
  c. lowest price sellers are willing to sell the product.
  d. profit-maximization price.


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Joc

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Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

a


rachel9

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

adammoses97

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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