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Table 7-9 The Numbers Reveal the Opportunity Costs of Providing 10 Piano

Question 236

Multiple Choice

Table 7-9
The numbers reveal the opportunity costs of providing 10 piano lessons of equal quality.
Table 7-9 The numbers reveal the opportunity costs of providing 10 piano lessons of equal quality. -Refer to Table 7-9.The equilibrium market price for 10 piano lessons is $300.What is the total producer surplus in the market? A) $50 B) $150 C) $1,050 D) $1,500
-Refer to Table 7-9.The equilibrium market price for 10 piano lessons is $300.What is the total producer surplus in the market?


A) $50
B) $150
C) $1,050
D) $1,500

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