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Table 7-13 The Numbers Reveal the Opportunity Costs of Providing 10 Piano

Question 184

Multiple Choice

Table 7-13
The numbers reveal the opportunity costs of providing 10 piano lessons of equal quality.
Table 7-13 The numbers reveal the opportunity costs of providing 10 piano lessons of equal quality. -Refer to Table 7-13. The equilibrium market price for 10 piano lessons is $400. What is the total producer surplus in the market? A) $0 B) $300 C) $400 D) $700
-Refer to Table 7-13. The equilibrium market price for 10 piano lessons is $400. What is the total producer surplus in the market?


A) $0
B) $300
C) $400
D) $700

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