The Marginal Cost of Producing an Additional Basket of Tomatoes

question 24

Multiple Choice

The marginal cost of producing an additional basket of tomatoes is $5.00.The consumer is willing to pay a maximum of $9.00 for an additional basket.A farmer sells a basket of tomatoes for $6.00 each.The farmer receives a producer surplus from selling an additional basket of tomatoes equal to

• A)$1.00.
• B)$3.00.
• C)$4.00.
• D)$5.00.
• E)$9.00.

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Definitions:

Photosynthesis

The process by which green plants and some other organisms use sunlight to synthesize nutrients from carbon dioxide and water, releasing oxygen as a byproduct.

Euphotic Zone

The layer of a body of water that is sufficiently lit by sunlight, allowing photosynthesis to occur.

Bathyal Zone

The bathyal zone refers to the oceanic depth range from 200 to 4000 meters below the surface, characterized by limited sunlight and cooler temperatures, inhabiting a unique marine life.

Coastal Zone

The interface between land and water, including the shoreline and adjacent land areas that directly affect or are affected by marine processes.