Question: Reference the following costs as you complete the exercise that follows: cost to produce a pizza - $7 price charged to customer for the pizza
Reference the following costs as you complete the exercise that follows: cost to produce a pizza - $7 price charged to customer for the pizza - $10 maximum price the consumer would be willing to pay for the pizza - $12 Match each question to its correct cost response. $3 $12 $2 $7 $5 Match each of the options above to the items below. How much is the consumer surplus? No answer How much is the producer surplus or profit? No answer How much is the economic value created? No answer How much is the cost to produce the product or service? No answer What is the amount of the reservation price
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