Figure 10-11 -Refer to Figure 10-11. Taking Only Private Value and Private

question 245

Multiple Choice

Figure 10-11
-Refer to Figure 10-11. Taking only private value and private cost into account, total surplus at the market equilibrium amounts to

• A)$3,850.
• B)$4,320.
• C)$4,980.
• D)$5,530.

Develop critical thinking skills and the importance of questioning assumptions.

Understand and compute Z scores for data observations.

Determine sample size from given variance and total sum of squares.

Compute grade point averages (GPAs) using a 4-point grading system.

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