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Figure 7-18 -Refer to Figure 7-18.Suppose the Willingness to Pay of the Pay

Question 44

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Figure 7-18 Figure 7-18 -Refer to Figure 7-18.Suppose the willingness to pay of the marginal buyer of the 3<sup>rd</sup> 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.
-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.

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