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Author Question: Producer Surplus and the Supply Curve222The graph shows the market supply of hotdogs.If P1=$0.25, ... (Read 64 times)

Apple716

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on: Nov 23, 2022

Question 1

Consumer Surplus and Pricing

The table shows the willingness to pay for five consumers in the market for dog collars.
ConsumerHighest Price Willing to Pay
Antwone21​
Nevaeh16​
Valentina11​
Matias6​
Rudra1​
What is the consumer surplus when the price is $16? When the price is $5.5?
◦ $5.00, $32.00
◦ $5.00, $30.00
◦ $18.50, $30.00
◦ $18.50, $32.00

Question 2

Producer Surplus and the Supply Curve

222The graph shows the market supply of hotdogs.

If P1=$0.25, P2=$6.50, and Q1=130, what is the producer surplus?
◦ $406.25
◦ $422.50
◦ $812.50
◦ $845.00
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
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Marked as best answer by Apple716 on Nov 23, 2022

Spike8502

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Reply #1 on: Nov 23, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Apple716

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Reply 2 on: Nov 23, 2022
YES! Correct, THANKS for helping me on my review

diana chang

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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