Use the following to answer questions:
-(Table: Producer Surplus) Look at the table Producer Surplus. If the price of a ticket to see The Nutty Nutcracker is $75, then Caitlin's producer surplus is:
A) $0.
B) $74.
C) $75.
D) $100.

Question

Use the following to answer questions: 
-(Table: Producer Surplus) Look at the table Producer Surplus. If the price of a ticket to see The Nutty Nutcracker is $75, then Caitlin's producer surplus is:
A) $0. 
B) $74. 
C) $75. 
D) $100.

Quizplus · Accepted Answer

Caitlin's producer surplus is the difference between the price she is willing to sell the ticket for and the price she actually sells it for. In this case, she is willing to sell the ticket for $100, but she actually sells it for $75. Therefore, her producer surplus is $25.

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