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:

Atmospheric Carbon Dioxide

A greenhouse gas present in the Earth's atmosphere, contributing to the greenhouse effect and global warming.

Carbonic Acid

A weak acid formed in solution when carbon dioxide dissolves in water, playing a crucial role in the carbon cycle and the acid-base balance in blood.

Calcium Carbonate

A chemical compound with the formula CaCO3, found in rocks as the minerals calcite and aragonite and is the main component of shells of marine organisms, snails, and eggs.

Greenhouse Gases

Gases in Earth's atmosphere that trap heat, contributing to the greenhouse effect and global warming.