Table 7-7 The Following Table Represents the Costs of Five Possible Sellers

question 149

Multiple Choice

Table 7-7
The following table represents the costs of five possible sellers.

-Refer to Table 7-7.If the market price is $1,000,the producer surplus in the market is

• A) $700.
• B) $750.
• C) $2,250.
• D) $3,700.

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Definitions:

Igneous Feature

A geological structure formed from hardened lava or magma, such as a volcano or granite intrusion.

Dike

A sheetlike intrusion that cuts across any layers in a host rock, commonly formed with a steep orientation.

Sill

A tabular igneous intrusion that parallels layers or other planar structures of the surrounding rock and which usually has a subhorizontal orientation.

Laccolith

A bulge-shaped igneous body that has domed and tilted overlying layers and that is observed or interpreted to have a relatively flat floor.