The above figure shows the competitive market for turkey. The ...

[nramada]

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]

Answer to Question 1

C

Answer to Question 2

C