Suppose that a producer's supply curve is estimated to be P = 15 + 3Q and that the product is sold at P = $45. At this price level, the firm's producer surplus is
A) $2250
B) $150
C) $300
D) $10

Question

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The Answer of Suppose that a producer's supply curve is estimated to be P = 15 + 3Q and that the product is sold at P = $45. At this price level, the firm's producer surplus is
A) $2250
B) $150
C) $300
D) $10

Suppose That a Producer's Supply Curve Is Estimated to Be