The following table represents the costs of five possible sellers.
Table 7-4

-Refer to Table 7-4.Who is a marginal seller when the price is $1,200?

Name: The following table represents the costs of five possible sellers. Table 7-4 -Refer to Table 7-4.Who is a marginal seller when the price is $1,200?
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Question

The following table represents the costs of five possible sellers.
Table 7-4
 
-Refer to Table 7-4.Who is a marginal seller when the price is $1,200?

Quizplus · Accepted Answer

A marginal seller is the one whose willingness to sell is equal to the market price. If Jill's willingness to sell is $1,200, she is the marginal seller at that price.

The Following Table Represents the Costs of Five Possible Sellers