Multiple Choice
What is the producer surplus for the market from the production of the 100th unit of a good?
A) the marginal cost of producing the 100th unit
B) the marginal benefit from the 100th unit
C) the opportunity cost of producing the 100th unit
D) the marginal social benefit from the 100th unit minus the marginal cost of producing the 100th unit
E) the price paid for the 100th unit minus the marginal social cost of producing the 100th unit
Correct Answer:

Verified
Correct Answer:
Verified
Q11: Which of the following lead to an
Q12: Use the figure below to answer the
Q13: Restaurants don't use market price to allocate
Q14: Use the table below to answer the
Q15: Producer surplus is<br>A)the value producers place on
Q17: The marginal cost of producing one more
Q18: Choose the correct statement.<br>A)Producer surplus is an
Q19: In competitive equilibrium,which of the following statements
Q20: As a method of resource allocation,force<br>A)plays a
Q21: When the efficient quantity is produced<br>A)total consumer