Suppose Tucker Inc is willing to sell one gizmo for 10, a second ...

[rachel9]

Suppose Tucker Inc is willing to sell one gizmo for 10, a second gizmo for 15, a third for 20, and the market price is 25 . What is Tucker Inc's producer surplus?
 a. 10 b. 15
  c. 30 d. 50

Question 2

Producer surplus measures the value between the actual selling price and the:
 a. price sellers are willing to sell the product.
  b. deadweight loss price.
  c. lowest price sellers are willing to sell the product.
  d. profit-maximization price.

[Joc]

Answer to Question 1

c

Answer to Question 2

a

[rachel9]

Excellent

[elyse44]

Thanks for the timely response, appreciate it