The Following Figure Shows the Supply Curve of a Firm

question 246

Multiple Choice

The following figure shows the supply curve of a firm that manufactures shoes.

-Refer to the figure above.What is the producer surplus when the price is $50?

• A) $100
• B) $200
• C) $400
• D) $1,000

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Definitions:

Experiment

A scientific procedure undertaken to make a discovery, test a hypothesis, or demonstrate a known fact.

Prenatal Development

The process of growth and development within the womb from conception to birth.

Stages

Distinct phases within a development process or sequence of events through which individuals or systems pass.

Primary Sexual Characteristics

These are the physical features directly involved in reproduction, such as the ovaries in females and the testes in males.