Wilbur's Widgets, a widget company, produces 100 widgets. Its average fixed cost is $6 and its total variable cost is $400. The total cost of producing 100 widgets is

Refer to the table above. What is the total benefit that the consumer derives when he consumes 4 quarts of milk?

A) $8 B) $22 C) $24 D) $25

Refer to Table 4-6. The table above lists the marginal cost of polo shirts by Marko's, a firm that specializes in producing men's clothing. If the market price of Marko's polo shirts is $18

A) there will be a surplus; as a result, the price will fall to $7. B) Marko's will produce four shirts. C) producer surplus from the first shirt is $18. D) producer surplus will equal $22.