Table 16-7 Suppose the Countries of Xania and Pluntia Share the World

question 150

Multiple Choice

Table 16-7
Suppose the countries of Xania and Pluntia share the world supply of water. Suppose that the marginal cost of bottling water is a constant $4 per gallon, and the demand for water is described by the following schedule:

-Refer to Table 16-7.If there were only one supplier of water,what would be the price and quantity?

• A)$7, 300
• B)$6, 400
• C)$5, 500
• D)$4, 600

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