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Author Question: Producer Surplus and PricingThe table shows the marginal cost of producing tires for five ... (Read 43 times)

Sadjam2

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on: Nov 23, 2022

Question 1

Producer Surplus and the Supply Curve

Suppose the equation for the supply curve is P = 6 + 0.25Qs. What is producer surplus when P=$13.50?
◦ $202.50
◦ $112.50
◦ $405.00
◦ $225.00

Question 2

Producer Surplus and Pricing

The table shows the marginal cost of producing tires for five suppliers.
SupplierMarginal Cost
Tires R Us2​
SureTire6​
Tire Superstore10​
Tires Plus14​
Roll Out18​
What is the producer surplus when the price is $14? When price is $7?
◦ $24.00, $6.00
◦ $24.00, $21.00
◦ $4.00, $21.00
◦ $4.00, $6.00
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
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Marked as best answer by Sadjam2 on Nov 23, 2022

fdsajkl

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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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Sadjam2

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Reply 2 on: Nov 23, 2022
Thanks for the timely response, appreciate it

xoxo123

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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