The figure above shows the supply curve for soda. The market price is $1.00 per soda. The producer surplus from the 20,000th soda is
A) $0.00.
B) $0.50.
C) $1.00.
D) more than $1.00.
E) None of the above answers is correct.
A
Economics
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To measure the fit of the probit model, you should:
A) use the regression R2. B) plot the predicted values and see how closely they match the actuals. C) use the log of the likelihood function and compare it to the value of the likelihood function. D) use the fraction correctly predicted or the pseudo R2.
Economics
The potential output of an economy is the level of output produced when the: a. real wage equals the nominal wage
b. price level is constant. c. expected real wage equals the nominal wage. d. seasonal unemployment rate is zero. e. expected price level equals the actual price level.
Economics