The following Table shows Jared’s marginal cost of producing figurines.
Quantity
The following Table shows Jared’s marginal cost of producing figurines.
QuantityMarginal Cost
1$4
2$14
3$20
4$28
5$38
6$44
7$52
If the price is $7, how many units will Jared produce?
At a price of $7, what would be his Producer Surplus?
If the price is $37 how many units will Jared produce?
At a price of $37, what would be his Producer Surplus?
