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Business, 14.11.2019 07:31 fluffy37

Assume the world market for oil is competitive and that the marginal cost of producing another barrel of oil is $79.40 and the marginal benefit is $81.60. if one more barrel of oil is produced and consumed surplus changes? the economic surplus will ) decrease by $161.00.b) increase by $2.20.c) increase by $81.60.d) decrease by $2.20.

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