Q 109

The figure below shows the supply and demand curves for oranges in Smallville. The marginal buyer values the tenth pound of oranges at ________.
A)$0
B)$4
C)$8
D)$12

Q 111

The figure below shows the supply and demand curves for oranges in Smallville. What is the marginal cost of producing the tenth pound of oranges?
A)$2
B)$3
C)$4
D)$5

Q 112

The figure below shows the supply and demand curves for oranges in Smallville. When this market is in equilibrium, total economic surplus is ________ per day.
A)$0
B)$80
C)$160
D)$320