Multiple Choice
Table 4-5

-Refer to Table 4-5.The equations above describe the demand and supply for Chef Ernie's Sushi-on-a-Stick.The equilibrium price and quantity for Chef Ernie's sushi are $60 and 20 thousand units.What is the value of producer surplus?
A) $100 thousand
B) $200 thousand
C) $600 thousand
D) $800 thousand
Correct Answer:
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