The figure above shows the market supply curve for pizzas. a) What is the marginal social cost of the 20th pizza? b) What is the minimum supply price of the 20th pizza? c) If the price is $6 per pizza, what is the producer surplus for the 20th
pizza? d) If the price is $6 per pizza, what is the total producer surplus? e) If the price is $8 per pizza, what is the total producer surplus? f) If the price is $10 per pizza, what is the total producer surplus?
a) The marginal cost of the 20th pizza is $6.
b) The minimum supply price of the 20th pizza is $6.
c) If the price is $6 per pizza, the producer surplus for the 20th pizza is zero.
d) If the price is $6 per pizza, the total producer surplus is $20.
e) If the price is $8 per pizza, the total producer surplus is $80.
f) If the price is $10 per pizza, the total producer surplus is $180.
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The figure above shows the market for annual influenza immunizations the United States. The marginal external benefit associated with immunizing 14 million people is ________ per person per year
A) $40 B) $20 C) $90 D) $30 E) $60
The value of any resource depends on the value of what it produces, so resource demand is said to be:
a. derived from the demand for the product the resource produces. b. derived from the revenue of the product the resource produces. c. derived from the total cost of the product the resource produces. d. derived from the supply of the product the resource produces.