In the above figure, if the market price is $100 per ton, then the firm's producer surplus on the second ton of wheat is
A) $25.
B) $50.
C) $75.
D) $100.
A
Economics
You might also like to view...
According to the U.S. National Safety Council, a person has a better chance of being killed in which of the following situations?
A) in an aircraft accident B) from being electrocuted C) while riding a bicycle D) while walking
Economics
Public choice economists believe that problems in society ______.
a. are best eliminated by expanding government b. could be diminished by government promotion of special interests c. can be partially addressed by having less waste in government d. are magnified if the government tries to help everyone equally
Economics