Table 7-10
The following table represents the costs of five possible sellers.
-Refer to Table 7-10. Who is a marginal seller when the price is $1,100?
A)Dianne
B)Bobby and Abby
C)Carlos, Dianne, and Evaline
D)Carlos, Dianne, Evaline, and Bobby

Question

Table 7-10
The following table represents the costs of five possible sellers. 
-Refer to Table 7-10. Who is a marginal seller when the price is $1,100?
A)Dianne 
B)Bobby and Abby 
C)Carlos, Dianne, and Evaline 
D)Carlos, Dianne, Evaline, and Bobby

Quizplus · Accepted Answer

A marginal seller is the one whose willingness to sell is exactly equal to the market price. If the price is $1,100, Dianne is the marginal seller.

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