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Author Question: The price of a shirt is $20. Charlie can produce a shirt at a marginal cost of $10, Mac can produce ... (Read 295 times)

newyorker26

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on: May 24, 2019
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?
◦ The sum of consumer surplus is $5 and the sum of producer surplus is $12.
◦ The sum of consumer surplus is $12.
◦ Only Frank and Artemis will purchase a shirt.
◦ Only Dennis will produce a shirt.
◦ The sum of producer surplus is $10.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by newyorker26 on May 24, 2019

IAPPLET

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Reply #1 on: May 24, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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newyorker26

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Reply 2 on: May 24, 2019
Thanks for the timely response, appreciate it

nanny

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

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