Table 7-15
The following table represents the costs of five possible sellers.
-Refer to Table 7-15. If each producer has one unit available for sale, and if the market equilibrium price is $70, how much is the combined total cost of all participating sellers in the market?
A)$100
B)$150
C)$250
D)$350

Question

Table 7-15
The following table represents the costs of five possible sellers. 
-Refer to Table 7-15. If each producer has one unit available for sale, and if the market equilibrium price is $70, how much is the combined total cost of all participating sellers in the market?
A)$100 
B)$150 
C)$250 
D)$350

Quizplus · Accepted Answer

The Answer of Table 7-15
The following table represents the costs of five possible sellers. 
-Refer to Table 7-15. If each producer has one unit available for sale, and if the market equilibrium price is $70, how much is the combined total cost of all participating sellers in the market?
A)$100 
B)$150 
C)$250 
D)$350

Table 7-15 The Following Table Represents the Costs of Five Possible Sellers