Jordan wants to sell her wedding gown for $250,but her cousin Jessica offered her $375 for it.If the gown is sold for $375,what is Jordan's producer's surplus

Question

Quizplus · Accepted Answer

Producer's surplus is the difference between the actual selling price and the minimum price that the producer was willing to accept. In this case, Jordan's minimum selling price was $250, but she was able to sell it for $375. So her producer's surplus would be $375 - $250 = $125. So the best choice is A.

Jordan Wants to Sell Her Wedding Gown for $250,but Her