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    Principles of Economics Study Set 8
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    Exam 7: Consumers, Producers, and the Efficiency of Markets
  5. Question
    If Martin Sells a Shirt for $40, and His Producer
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If Martin Sells a Shirt for $40, and His Producer

Question 20

Question 20

Multiple Choice

If Martin sells a shirt for $40, and his producer surplus from the sale is $8, his cost must have been


A) $48.
B) $32.
C) $8.
D) $40.

Correct Answer:

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