(Figure: Producer Surplus for Golf Instructor I) If the golf instructor set a single price to maximize profit, she would earn producer surplus of _____. If she set a price of $120 an hour for the first four hours of instruction and $80 an hour for each hour of instruction beyond four hours, she would earn producer surplus of _____.
A) $480; $960
B) $320; $400
C) $500; $800
D) $80; $120

Question

(Figure: Producer Surplus for Golf Instructor I) If the golf instructor set a single price to maximize profit, she would earn producer surplus of _____. If she set a price of $120 an hour for the first four hours of instruction and $80 an hour for each hour of instruction beyond four hours, she would earn producer surplus of _____. 
A) $480; $960 
B) $320; $400 
C) $500; $800 
D) $80; $120

Quizplus · Accepted Answer

The Answer of (Figure: Producer Surplus for Golf Instructor I) If the golf instructor set a single price to maximize profit, she would earn producer surplus of _____. If she set a price of $120 an hour for the first four hours of instruction and $80 an hour for each hour of instruction beyond four hours, she would earn producer surplus of _____. 
A) $480; $960 
B) $320; $400 
C) $500; $800 
D) $80; $120

(Figure: Producer Surplus for Golf Instructor I) If the Golf