Use the table Marginal Cost of Producing Mittens. If mittens are sold at a price of $8, how many mittens will Eliza supply, and how much producer surplus will Eliza earn?

A) four mittens supplied and $3 of producer surplus
B) three mittens supplied and $12 of producer surplus
C) four mittens supplied and $0 of producer surplus
D) four mittens supplied and $12 of producer surplus
Correct Answer:
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