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-The Figure Above Represents the Competitive Market for Slices of Key

Question 100

Multiple Choice

-The figure above represents the competitive market for slices of key lime pie. If the production is 80 slices per day, the cost of the 80th slice is A) less than anyone is willing to pay for it. B) more than anyone is willing to pay for it. C) equal to what someone is willing to pay for it. D) equal to the deadweight loss from the 80th slice. E) indeterminate.
-The figure above represents the competitive market for slices of key lime pie. If the production is 80 slices per day, the cost of the 80th slice is


A) less than anyone is willing to pay for it.
B) more than anyone is willing to pay for it.
C) equal to what someone is willing to pay for it.
D) equal to the deadweight loss from the 80th slice.
E) indeterminate.

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