The table below represents consumer demand in a certain market

Buyer	Willingness to pay
Lori	$50
Jamal	$36
Antonio	$22
Sarah	$10

1.If the market price for this good is $18, then the total consumer surplus is

a.$100

b.$38

c.$54

d.$46

Table 4-2

Marko's Polos	Marginal Cost (dollars)
1st shirt	$9
2nd shirt	10
3rd shirt	14
4th shirt	20

2.Refer to Table 4-2. The table above lists the marginal cost of polo shirts by Marko's, a firm that specializes in producing men's clothing. If the market price of Marko's polo shirts is $15, what will be the producer surplus in this market?

Group of answer choices

a.$53

b.$22

c.$7

d.$33

e.$12

3.

In a competitive market equilibrium the ________ equals the ________ of the last unit sold.

a.marginal benefit; marginal cost

b.total cost; marginal cost

c.profit; selling price

d.total profit; marginal benefit

4.

Price dollars per pound) $12.00 Supply 7.00 Price floor 500 3.00 1 00 Demand 600 900 Quantity (tons)