Use the table below to answer the following questions.
Table 5.2.1
-Refer to Table 5.2.1.If the price is $6 a unit,the producer surplus on the third unit is
A)$3.
B)$6.
C)$5.
D)$4.
E)$2.

Question

Use the table below to answer the following questions.
Table 5.2.1 
-Refer to Table 5.2.1.If the price is $6 a unit,the producer surplus on the third unit is
A)$3. 
B)$6. 
C)$5. 
D)$4. 
E)$2.

Quizplus · Accepted Answer

Producer surplus is the difference between the price received and the marginal cost of production. If the price is $6 and the marginal cost for the third unit is $4, the producer surplus is $6 - $4 = $2.

Use the Table Below to Answer the Following Questions