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40 36 32 28 H 24 B Demand 20 + 16 12 8 1 2 6 7 8 10 11 Quantity Refer to Figure 7-17.

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40 36 32 28 H 24 B Demand 20 + 16 12 8 1 2 6 7 8 10 11 Quantity Refer to Figure 7-17. If 10 units of the good are produced and sold, then O a. the marginal value to buyers exceeds the marginal cost to sellers. O b. the marginal cost to sellers exceeds the marginal value to buyers. c. total surplus is minimized. d. producer surplus is maximized

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