Figure 5.4 -Refer to Figure 5.4.The Figure Above Represents the Market for the Market

Multiple Choice

Figure 5.4
-Refer to Figure 5.4.The figure above represents the market for pecans.Assume that this is a competitive market.Which of the following statements is true if 8000 metrics of pecans are sold?

A) The deadweight loss is equal to economic surplus.
B) Producer surplus equals consumer surplus.
C) The marginal benefit of each of the 8000 metrics of pecans equals $9.
D) Marginal benefit is equal to marginal cost.