Suppose a Firm Receives $10 for Selling One Additional Unit

question 39

Multiple Choice

Suppose a firm receives $10 for selling one additional unit of its product but that additional unit costs the firm $1 to produce. The producer surplus for the additional unit of product is

• A)$1.
• B)$5.5.
• C)$9.
• D)$11.
• E)$110.

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Definitions:

Ethical Principles

Fundamental guidelines that influence conduct and decision-making, based on notions of right and wrong.

Extinction

refers to the process by which a species, genus, or family of organisms ceases to exist through death or inability to reproduce in its environment.

Overexploitation

When the number of individuals taken from a wild population is so great that the population becomes severely reduced in numbers.

Alien Species

Species that have been introduced to an area where they do not naturally occur, often resulting in harm to the native ecosystem.