If Dale sells a shirt for $80 and his producer surplus from the sale is $13, his cost must have been:
A)$93
B)$80
C)$13
D)$67

Name: If Dale sells a shirt for $80 and his producer surplus from the sale is $13, his cost must have been: A)$93 B)$80 C)$13 D)$67
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Question

Quizplus · Accepted Answer

Producer surplus is the difference between the amount for which a good is sold and the cost to produce it. Since Dale sells the shirt for $80 and has a producer surplus of $13, his cost must have been $80 - $13 = $67.

If Dale Sells a Shirt for $80 and His Producer