Solved

Table 7-7

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-Refer to Table 7-7

Question 179

Multiple Choice

Table 7-7


 Seller  Cost  (Dollars)   Mike 1,600 Laura 1,300 Alex 1,200 David 900 Codi 700\begin{array} { | c | c | } \hline \text { Seller } & \begin{array} { c } \text { Cost } \\\text { (Dollars) }\end{array} \\\hline \text { Mike } & 1,600 \\\hline \text { Laura } & 1,300 \\\hline \text { Alex } & 1,200 \\\hline \text { David } & 900 \\\hline \text { Codi } & 700 \\\hline\end{array}
-Refer to Table 7-7. If the market price is $1,000, the producer surplus in the market is


A) $100.
B) $400.
C) $300.
D) $600.

Correct Answer:

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