Multiple Choice
Figure 7-22
-Refer to Figure 7-22.If 40 units of the good are bought and sold,then
A) the marginal cost to sellers is equal to the marginal value to buyers.
B) the marginal value to buyers is greater than the marginal cost to sellers.
C) the marginal cost to sellers is greater than the marginal value to buyers.
D) producer surplus would be greater than consumer surplus.
Correct Answer:

Verified
Correct Answer:
Verified
Q40: Total surplus<br>A)can be used to measure a
Q41: If a market is allowed to adjust
Q42: Figure 7-24 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 7-24
Q43: Figure 7-19 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 7-19
Q44: Figure 7-18 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 7-18
Q46: Figure 7-23 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 7-23
Q47: If the government allowed a free market
Q48: Suppose that the equilibrium price in the
Q49: Figure 7-23 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 7-23
Q50: The "invisible hand" refers to<br>A)the marketplace guiding