Quantity of Tippi's Tap Shoes 1st o pair pair A consumer surplus will equal $0. OB....

Transcribed Image Text:

Quantity of Tippi's Tap Shoes 1st o pair pair A consumer surplus will equal $0. OB. producer surplus will rise from $55 to $80. OC. producer surplus will fall from $130 to $60. OD. the marginal cost of producing the third pair will fall to $55. 2nd 3rd 4th Marginal Cost [dollars) $35 55 pair pair The table above lists the marginal cost of tap shoes by Tippi, a firm that specializes in producing dance shoes. If the price for a pair of tap shoes decreases from $100 to $75. 80 105 Quantity of Tippi's Tap Shoes 1st o pair pair A consumer surplus will equal $0. OB. producer surplus will rise from $55 to $80. OC. producer surplus will fall from $130 to $60. OD. the marginal cost of producing the third pair will fall to $55. 2nd 3rd 4th Marginal Cost [dollars) $35 55 pair pair The table above lists the marginal cost of tap shoes by Tippi, a firm that specializes in producing dance shoes. If the price for a pair of tap shoes decreases from $100 to $75. 80 105

Answer rating: 100% (QA)

The image you sent shows a table of the marginal cost of tap shoes by a firm that specializes in pro... View the full answer