Figure 7-22

-Refer to Figure 7-22.At the quantity Q2,the marginal value to buyers
A) and the marginal cost to sellers are both P2.
B) is P2, and the marginal cost to sellers is P3.
C) and the marginal cost to sellers are both P3.
D) is P3, and the marginal cost to sellers is P2.

Question

Figure 7-22
 
-Refer to Figure 7-22.At the quantity Q2,the marginal value to buyers
A) and the marginal cost to sellers are both P2. 
B) is P2, and the marginal cost to sellers is P3. 
C) and the marginal cost to sellers are both P3. 
D) is P3, and the marginal cost to sellers is P2.

Quizplus · Accepted Answer

At quantity Q2, the marginal value to buyers is represented by the price P2, while the marginal cost to sellers is represented by the price P3.

Figure 7-22 -Refer to Figure 7-22.At the Quantity Q2,the Marginal Value to Q2,the