-In the Above Figure, When the Efficient Quantity of Gloves

question 357

Multiple Choice

-In the above figure, when the efficient quantity of gloves is produced, the total consumer surplus is

• A) $3,000.
• B) $15,000.
• C) $22,500.
• D) $45,000.

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Definitions:

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A curve depicting the maximum possible output combinations of two goods that can be produced with available resources and technology.