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-In the Figure Above, the Equilibrium Market Price Is $20

Question 50

Multiple Choice

-In the figure above, the equilibrium market price is $20. Area A is the A) marginal cost of 150th unit. B) willingness to pay for the 150th unit. C) marginal benefit of 150th unit. D) producer surplus. E) consumer surplus.
-In the figure above, the equilibrium market price is $20. Area A is the


A) marginal cost of 150th unit.
B) willingness to pay for the 150th unit.
C) marginal benefit of 150th unit.
D) producer surplus.
E) consumer surplus.

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