Multiple Choice
Figure 7-18 
-Refer to Figure 7-18. Suppose the willingness to pay of the marginal buyer of the 3rd unit is $125. Then total surplus is maximized if
A) 1 unit of the good is produced and sold.
B) 2 units of the good are produced and sold.
C) 3 units of the good are produced and sold.
D) 4 units of the good are produced and sold.
Correct Answer:
Verified
Correct Answer:
Verified
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