Suppose Alice Sells a Good for $60 on EBay

question 149

Multiple Choice

Suppose Alice sells a good for $60 on eBay. If the producer surplus from the sale is $25, Alice's cost of the good must have been:

• A) $35.
• B) $25.
• C) $60.
• D) $85.

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Definitions:

Adoption

A procedure in which persons become the legal parents of a child who is not their biological child.

Approved By A Judge

Officially sanctioned or authorized by a judge or court official.

Requirement For Adoption

The legal prerequisites and conditions that must be met for an adoption process to be legally recognized and completed.

End A Marriage

The legal termination of a marital union, known as divorce, which dissolves the bonds of matrimony between married individuals.