The following table represents the costs of five possible sellers.
Table 7-4

-Refer to Table 7-4.Who is a marginal seller when the price is $1,200?
A)only Jill
B)Jill and Dale
C)only Denise, Catherine, and Jackson
D)Denise, Catherine, Jackson, and Jill

Question

The following table represents the costs of five possible sellers.
Table 7-4
 
-Refer to Table 7-4.Who is a marginal seller when the price is $1,200?
A)only Jill 
B)Jill and Dale 
C)only Denise, Catherine, and Jackson 
D)Denise, Catherine, Jackson, and Jill

Quizplus · Accepted Answer

A marginal seller is the one whose willingness to sell is equal to the market price. If Jill's willingness to sell is $1,200, she is the marginal seller at that price.

The Following Table Represents the Costs of Five Possible Sellers