Table 7-10
The following table represents the costs of five possible sellers.
-Refer to Table 7-10. If the market price is $1,000, the producer surplus in the market is
A)$1000.
B)$300.
C)$1,700.
D)$700.

Question

Table 7-10
The following table represents the costs of five possible sellers. 
-Refer to Table 7-10. If the market price is $1,000, the producer surplus in the market is
A)$1000. 
B)$300. 
C)$1,700. 
D)$700.

Quizplus · Accepted Answer

The Answer of Table 7-10
The following table represents the costs of five possible sellers. 
-Refer to Table 7-10. If the market price is $1,000, the producer surplus in the market is
A)$1000. 
B)$300. 
C)$1,700. 
D)$700.

Table 7-10 The Following Table Represents the Costs of Five Possible Sellers