Use the table Marginal Cost of Producing Mittens. If mittens are sold at a price of $2, how many mittens will Max supply, and how much producer surplus will Max earn?

A) four mittens supplied and $3 of producer surplus
B) three mittens supplied and $6 of producer surplus
C) three mittens supplied and $0.50 of producer surplus
D) four mittens supplied and $6 of producer surplus
Correct Answer:
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