Solved

Table 7-2
the Costs of Five Possible Sellers -Refer to Table 7-2

Question 145

Multiple Choice

Table 7-2
The costs of five possible sellers
 Seller  Cast($)   Kyle 18 Nathen 15 Chelsea 10 Hillary 7.50 Landon 5\begin{array} { | c | c | } \hline \text { Seller } & \text { Cast(\$) } \\\hline \text { Kyle } & 18 \\\hline \text { Nathen } & 15 \\\hline \text { Chelsea } & 10 \\\hline \text { Hillary } & 7.50 \\\hline \text { Landon } & 5 \\\hline\end{array}
-Refer to Table 7-2.If the market price is $10, the producer surplus in the market will be:


A) $10
B) $13
C) $7.50
D) $0

Correct Answer:

verifed

Verified

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

Related Questions