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Use the Figure Below to Answer the Following Question

Question 115

Multiple Choice

Use the figure below to answer the following question.
Use the figure below to answer the following question.     Figure 5.3.4 -Refer to Figure 5.3.4. The graph shows the market for cell phones. When production is efficient, total surplus is ________ and the cost of producing the cell phones sold is ________. A) $2,250; $2,250 B) $2,250; $3,000 C) $1,500; $750 D) $750; $1,500 E) $1,500; $2,250
Figure 5.3.4
-Refer to Figure 5.3.4. The graph shows the market for cell phones. When production is efficient, total surplus is ________ and the cost of producing the cell phones sold is ________.


A) $2,250; $2,250
B) $2,250; $3,000
C) $1,500; $750
D) $750; $1,500
E) $1,500; $2,250

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