Multiple Choice
Ben's cost of making an additional rocking chair is $75.
A) If he sells it for a $100, his producer surplus is $25.
B) His marginal cost is equal to $75.
C) The marginal benefit to the consumer from the chair will be $75.
D) Both answers A and B are correct.
E) Both answers B and C are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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