Assume the world market for oil is competitive and that the marginal cost of producing another barrel of oil is $79.40 and the marginal benefit is $81.60. If one more barrel of oil is produced and consumed surplus changes?

The Economic surplus will ____.
a) decrease by $161.00

b) increase by $2.20

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Assume the world market for oil is competitive and that the marginal cost of producing another barrel of oil is $79.40 and the marginal benefit is $81.60. If one more barrel of oil is produced and consumed surplus changes?

The Economic surplus will ____.
a) decrease by $161.00

b) increase by $2.20

The World Market for Ultrasonic Flowmeters - Flow Research


World Stock Markets - CNNMoney

Posted by 2018 article

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