The graph shows the supply curve of fitness trackers and the market price of a fitness tracker. Draw a point that shows the marginal cost of the 30th fitness tracker. CHE What is the marginal cost of the 30th fitness tracker? The marginal cost of the 30th fitness tracker is OA. the producer surplus received by the seller from the 30th fitness tracker OB. the minimum price at which the seller has an incentive to sell the 30th fitness tracker OC. the value that the buyer places on the 30th fitness tracker OD. the price that the seller receives when the 30th fitness tracker is sold 120 100- 80- 60- Price (dollars per fitness tracker) 40- 20 0- 0 80 100 Quantity (fitness trackers per day) >>> Draw only the objects specified in the question. 20 40 Market price 60 120

The graph shows the supply curve of fitness trackers and the market price of a fitness tracker. Draw a point that shows the marginal cost of the 30th fitness tracker. CHE What is the marginal cost of the 30th fitness tracker? The marginal cost of the 30th fitness tracker is OA. the producer surplus received by the seller from the 30th fitness tracker OB. the minimum price at which the seller has an incentive to sell the 30th fitness tracker OC. the value that the buyer places on the 30th fitness tracker OD. the price that the seller receives when the 30th fitness tracker is sold 120 100- 80- 60- Price (dollars per fitness tracker) 40- 20 0- 0 80 100 Quantity (fitness trackers per day) >>> Draw only the objects specified in the question. 20 40 Market price 60 120

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

The graph shows the supply curve of fitness trackers and the market price of a fitness
tracker.
Draw a point that shows the marginal cost of the 30th fitness tracker.
What is the marginal cost of the 30th fitness tracker?
The marginal cost of the 30th fitness tracker is
OA. the producer surplus received by the seller from the 30th fitness tracker
O B. the minimum price at which the seller has an incentive to sell the 30th fitness
tracker
OC. the value that the buyer places on the 30th fitness tracker
OD. the price that the seller receives when the 30th fitness tracker is sold
120-
100-
80-
60-
40-
20-
Price (dollars per fitness tracker)
0+
0
20
40
Market
price
60
80
100
Quantity (fitness trackers per day)
>>> Draw only the objects specified in the question.
120
o
o
2

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