Refer to the table shown. From this table we can conclude that if the two countries trade with each other, it is most likely that:Cost (in euros) of producing wine and an electric generator FranceGermanyWine1020Electric Generator10,00030,000
A. France exports wine to Germany and imports electric generators from Germany.
B. France exports both goods to Germany.
C. Germany exports both goods to France.
D. France exports electric generators to Germany and imports wine from Germany.
Answer: D
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In the above figure, the market is at its equilibrium. Area A is equal to
A) consumer surplus. B) total revenue. C) marginal benefit. D) producer surplus. E) total surplus.