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Table 7-14 -Refer to Table 7-14. You Want to Hire a Professional

Question 447

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Table 7-14 Table 7-14 -Refer to Table 7-14. You want to hire a professional photographer to take pictures of your family. The table shows the costs of the four potential sellers in the local photography market. You hire Kevin for a price of $500. What is his producer surplus? A) $500 B) $150 C) $100 D) $50
-Refer to Table 7-14. You want to hire a professional photographer to take pictures of your family. The table shows the costs of the four potential sellers in the local photography market. You hire Kevin for a price of $500. What is his producer surplus?


A) $500
B) $150
C) $100
D) $50

Correct Answer:

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