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The marginal cost of producing T-shirts at Harry's T-shirt Emporium is as follows: the first T-shirt costs $8; the second T-shirt costs $9.50; the third
The marginal cost of producing T-shirts at Harry's T-shirt Emporium is as follows: the first T-shirt costs $8; the second T-shirt costs $9.50; the third T-shirt costs $11; the fourth T-shirt costs $14.00. If the price of T-shirts equals $10, what is the producer surplus that Harry's T-shirt Emporium receives from selling T-shirts?
a. $0.50
b. $1.50
c. $2.50
d. $5.50
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