Solved

The Marginal Cost of Producing an Additional Basket of Tomatoes

Question 24

Multiple Choice

The marginal cost of producing an additional basket of tomatoes is $5.00.The consumer is willing to pay a maximum of $9.00 for an additional basket.A farmer sells a basket of tomatoes for $6.00 each.The farmer receives a producer surplus from selling an additional basket of tomatoes equal to


A) $1.00.
B) $3.00.
C) $4.00.
D) $5.00.
E) $9.00.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions