Table 7-13
The only four producers in a market have the following costs:
-Refer to Table 7-13. If Abbey, Bev, and Carl sell the good, and the resulting producer surplus is $55 altogether, then the price must have been
A)$40.
B)$50.
C)$60.
D)$70.

Question

Table 7-13
The only four producers in a market have the following costs: 
-Refer to Table 7-13. If Abbey, Bev, and Carl sell the good, and the resulting producer surplus is $55 altogether, then the price must have been
A)$40. 
B)$50. 
C)$60. 
D)$70.

Quizplus · Accepted Answer

The Answer of Table 7-13
The only four producers in a market have the following costs: 
-Refer to Table 7-13. If Abbey, Bev, and Carl sell the good, and the resulting producer surplus is $55 altogether, then the price must have been
A)$40. 
B)$50. 
C)$60. 
D)$70.

Table 7-13 The Only Four Producers in a Market Have the Following