-In the above table, what is the minimum price that producers must be offered to produce the 200th brownie?
A) 0
B) 20¢
C) 60¢
D) 80¢

Question

-In the above table, what is the minimum price that producers must be offered to produce the 200th brownie?
A) 0 
B) 20¢ 
C) 60¢ 
D) 80¢

Quizplus · Accepted Answer

The minimum price that producers must be offered to produce the 200th brownie is 20¢. This is because the marginal cost of producing the 200th brownie is 20¢, and producers will not be willing to produce the brownie unless they are offered at least this price.

-In the Above Table, What Is the Minimum Price That