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Use the Table Marginal Cost of Producing Candles

Question 87

Multiple Choice

Use the table Marginal Cost of Producing Candles. What is the change in producer surplus earned if the price increases from $1.75 to $2.00?
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Use the table Marginal Cost of Producing Candles. What is the change in producer surplus earned if the price increases from $1.75 to $2.00? ​ A) Producer surplus increases by $0.75. B) Producer surplus increases by $2.25. C) Producer surplus increases by $2.00. D) Producer surplus increases by $0.50.


A) Producer surplus increases by $0.75.
B) Producer surplus increases by $2.25.
C) Producer surplus increases by $2.00.
D) Producer surplus increases by $0.50.

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