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    Business
  3. Study Set
    Principles of Microeconomics
  4. Exam
    Exam 7: Consumers, Producers, and the Efficiency of Markets.
  5. Question
    Figure 7-20 -Refer to Figure 7-20.If 6 Units of the Good Are
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Figure 7-20 -Refer to Figure 7-20.If 6 Units of the Good Are

Question 379

Question 379

Multiple Choice

Figure 7-20
Figure 7-20    -Refer to Figure 7-20.If 6 units of the good are produced and sold,then A)  consumer surplus is maximized. B)  producer surplus is maximized. C)  the sum of consumer surplus and producer surplus is maximized. D)  the marginal value to buyers exceeds the marginal cost to sellers.
-Refer to Figure 7-20.If 6 units of the good are produced and sold,then


A) consumer surplus is maximized.
B) producer surplus is maximized.
C) the sum of consumer surplus and producer surplus is maximized.
D) the marginal value to buyers exceeds the marginal cost to sellers.

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