Table 7-16 The Following Table Represents the Costs of Five Possible Sellers

question 89

Multiple Choice

Table 7-16
The following table represents the costs of five possible sellers.
Seller Cost ($)

-Refer to Table 7-16. If each producer has one unit available for sale, and if the market equilibrium price is $70, how much is the combined total cost of all participating sellers in the market?

• A) $100
• B) $150
• C) $250
• D) $350

---

Definitions:

Small Intestine

A long, coiled tube where most of the digestion and absorption of nutrients occurs, extending from the stomach to the large intestine.

Digestion

The process by which food is broken down into smaller components that can be absorbed and utilized by the body.

Emulsification

The process by which large fat droplets are broken down into smaller, uniformly distributed particles, usually aided by substances called emulsifiers.

Lipid Digestion

The process of breaking down fats into fatty acids and glycerol, mainly occurring in the small intestine.