Use the following to answer questions: Table: Willingness to Sell $$\begin{array} { l c }
\hline \text { Country } & \begin{array} { c }
\text { Minimum willingness to sell } \
\text { a single barrel of oil }
\end{array} \
\hline \text { Country X } & \$ 12.00 \
\text { Country Y } & 5.99 \
\text { Country Z } & 17.25 \
\text { Country A } & 36.99 \
\hline
\end{array}$$
-(Table: Willingness to Sell) Refer to the table. Which country is earning the least amount of producer surplus at a market price of $52 per barrel of oil?

Question

Use the following to answer questions: Table: Willingness to Sell $$\begin{array} { l c } 
\hline \text { Country } & \begin{array} { c } 
\text { Minimum willingness to sell } \
\text { a single barrel of oil }
\end{array} \
\hline \text { Country X } & \$ 12.00 \
\text { Country Y } & 5.99 \
\text { Country Z } & 17.25 \
\text { Country A } & 36.99 \
\hline
\end{array}$$
-(Table: Willingness to Sell) Refer to the table. Which country is earning the least amount of producer surplus at a market price of $52 per barrel of oil?

Quizplus · Accepted Answer

Country A has the highest minimum willingness to sell at $36.99, so at a market price of $52, it earns the least producer surplus compared to other countries.

Use the Following to Answer Questions: Table: Willingness to Sell