Table 5.2.2

If the firm sells the fifth movie at a price of $7, what is the producer surplus on that movie?
-The marginal cost for Morgan's Marvellous Movies is given in the following table:
A)$28
B)$3
C)$7
D)$6
E)$1

Question

Table 5.2.2
  
If the firm sells the fifth movie at a price of $7, what is the producer surplus on that movie?
-The marginal cost for Morgan's Marvellous Movies is given in the following table:
A)$28 
B)$3 
C)$7 
D)$6 
E)$1

Quizplus · Accepted Answer

The Answer of Table 5.2.2
  
If the firm sells the fifth movie at a price of $7, what is the producer surplus on that movie?
-The marginal cost for Morgan's Marvellous Movies is given in the following table:
A)$28 
B)$3 
C)$7 
D)$6 
E)$1

Table 5.2.2 If the Firm Sells the Fifth Movie at a Price