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Author Question: The above figure shows the competitive market for turkey. The producer surplus for the 300 millionth ... (Read 109 times)

nramada

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on: Jun 29, 2018
The above figure shows the competitive market for turkey. The producer surplus for the 300 millionth pound of turkey is
 
  A) 1.20 per pound.
  B) 135 million.
  C) 0.30 per pound.
  D) 0.80 per pound.

Question 2

In the above figure, which of the graphs demonstrates a curve with a decreasing slope, that is, a slope getting smaller in magnitude as x increases?
 
  A) Figure A
  B) Figure B
  C) Figure C
  D) Figure D


Brenm

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

C


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