For a Given Seller, the Figure Below Shows the Relationship

question 83

Multiple Choice

For a given seller, the figure below shows the relationship between the number of units produced and the opportunity cost of producing an additional unit of output. What is this seller's reservation price for the 250^th unit?

• A)$2
• B)$4
• C)$8
• D)$14

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Definitions:

Yellow

Yellow is a primary color perceived when light with a dominant wavelength of roughly 570–590 nanometers is detected by the eye.

Color Photo

An image or photograph produced with the replication of colors as perceived in nature or reality.

Black

A color resulting from the absence of or complete absorption of visible light; often used in text to provide high contrast.

White

The color produced by the combination of all the colors of the visible spectrum.