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Question 36

Multiple Choice

-Refer to the image above. Suppose the willingness to pay of the marginal buyer of the 3rd unit is R225. Then total surplus is maximised if: A) 1 unit of the good is produced and sold. B) 2 units of the good are produced and sold. C) 3 units of the good are produced and sold. D) 4 units of the good are produced and sold.
-Refer to the image above. Suppose the willingness to pay of the marginal buyer of the 3rd unit is R225. Then total surplus is maximised if:


A) 1 unit of the good is produced and sold.
B) 2 units of the good are produced and sold.
C) 3 units of the good are produced and sold.
D) 4 units of the good are produced and sold.

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