According to the above table, a surplus exists when
A. the price is $1 per unit.
B. the price is $2 per unit.
C. the price is $3 per unit.
D. the price is greater than $3 per unit.
Answer: D
Economics
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A firm's marginal cost is $82, its average total cost is $50, and its output is 800 units. Its total cost of producing 801 units is
A) less than $40,000. B) between $40,000 and $40,050. C) between $40,050 and $40,080. D) greater than $40,080.
Economics
A copyright
a. is required to sell printed material b. grants exclusive rights over the protected material for at least seventy years c. is granted only to best original works of art, literature, and music d. grants the right to copy certain material such as printed material e. grants communal rights over the protected material for at least seventy years
Economics