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A local strawberry farmer sells a product in a competitive market, and is thus a prioe taker. Its marginal cost curve is given by MC{Q]
A local strawberry farmer sells a product in a competitive market, and is thus a prioe taker. Its marginal cost curve is given by MC{Q] = E + 2 - Q. 1What is the change in producer surplus for the farmer clue to a. price increase from $15 to $20? A. decrease of $213 E. increase of $20 C. decrease of $24 D. increase of $24 E. None of the other choices is correct
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