According to the information provided, if Jane cleans Joe's house, the producer surplus is:
A)$20
B)$140
C)$160
D)$200

Question

Quizplus · Accepted Answer

Producer surplus is calculated as the difference between the price at which a producer is willing to sell a good or service and the actual price they receive. If Jane cleans Joe's house and the producer surplus is $20, it means she received $20 more than her minimum acceptable price.

According to the Information Provided, If Jane Cleans Joe's House