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Table 7-2 The only four producers in a market have the following costs: Seller Evan Selena Angie Kris Cost $50 $100 $150 $200 8. Refer to Table 7-2. If Evan, Selena, and Angie sell the good, and the resulting producer surplus is $300, th must have been $200

Table 7-2 The only four producers in a market have the following costs: Seller Evan Selena Angie Kris Cost $50 $100 $150 $200 8. Refer to Table 7-2. If Evan, Selena, and Angie sell the good, and the resulting producer surplus is $300, th must have been $200

Essentials of Economics (MindTap Course List)
Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter7: Consumers, Producers, And The Efficiency Of Markets
Section: Chapter Questions
Problem 3CQQ
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please show your thought process on this Im pretty sure its D but im not 100% confident 

Table 7-2 The only four producers in a market have the following costs: Cost $50 Selena $100 Angie $150 Kris $200 Seller Evan 8. Refer to Table 7-2. If Evan, Selena, and Angie sell the good, and the resulting producer surplus is $300, then the price must have been a. $200. b. $300. c. $450. d. $600.
Transcribed Image Text:Table 7-2 The only four producers in a market have the following costs: Cost $50 Selena $100 Angie $150 Kris $200 Seller Evan 8. Refer to Table 7-2. If Evan, Selena, and Angie sell the good, and the resulting producer surplus is $300, then the price must have been a. $200. b. $300. c. $450. d. $600.
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