Figure 3 Price 110 + 100 Supply 90 80 +- 70 60+ Demand 50 45 40 30+ 20 10+ 10 20 30 40 50 60 70 80 90 100 110 120 130 140 150 160 170 u2xtity Refer to Figure 3. If 50 units of the good are bought and sold, then the marginal cost to sellers is equal to the marginal value to buyers. O b. the marginal value to buyers is greater than the marginal cost to sellers. O c. the marginal cost to buyers is greater than marginal value to sellers. O d. producer surplus is less than consumer surplus. 829
Figure 3 Price 110 + 100 Supply 90 80 +- 70 60+ Demand 50 45 40 30+ 20 10+ 10 20 30 40 50 60 70 80 90 100 110 120 130 140 150 160 170 u2xtity Refer to Figure 3. If 50 units of the good are bought and sold, then the marginal cost to sellers is equal to the marginal value to buyers. O b. the marginal value to buyers is greater than the marginal cost to sellers. O c. the marginal cost to buyers is greater than marginal value to sellers. O d. producer surplus is less than consumer surplus. 829
Principles of Economics (MindTap Course List)
8th Edition
ISBN:9781305585126
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter7: Consumers, Producers, And The Efficiency Of Markets
Section: Chapter Questions
Problem 6CQQ
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