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Use the Table Marginal Cost of Producing Mittens

Question 96

Multiple Choice

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

Use the table Marginal Cost of Producing Mittens. If mittens are sold at a price of $2, how many mittens will Eliza supply, and how much producer surplus will Eliza earn? ​   A)  one mitten supplied and $0 of producer surplus B)  one mitten supplied and $2 of producer surplus C)  zero mittens supplied and $0 of producer surplus D)  two mittens supplied and $6 of producer surplus


A) one mitten supplied and $0 of producer surplus
B) one mitten supplied and $2 of producer surplus
C) zero mittens supplied and $0 of producer surplus
D) two mittens supplied and $6 of producer surplus

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