Multiple Choice
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
Correct Answer:

Verified
Correct Answer:
Verified
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