Table 4-3 -Refer to Table 4-3.The Table Above Lists the Marginal Cost

question 118

Multiple Choice

Table 4-3

-Refer to Table 4-3.The table above lists the marginal cost of polo shirts by Marko's,a firm that specializes in producing men's clothing.If the market price of Marko's polo shirts is $18

• A)Marko's will produce four shirts.
• B)producer surplus from the first shirt is $18.
• C)producer surplus will equal $22.
• D)there will be a surplus; as a result,the price will fall to $7.

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