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Use the Figure Producer Surplus in the Market for Marzipan

Question 115

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. Use the figure Producer Surplus in the Market for Marzipan. Calculate producer surplus if the price of marzipan increases from $6.50 per pound to $9 per pound.

Figure: Producer Surplus in the Market for Marzipan
. Use the figure Producer Surplus in the Market for Marzipan. Calculate producer surplus if the price of marzipan increases from $6.50 per pound to $9 per pound. ​ Figure: Producer Surplus in the Market for Marzipan

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$16 - $7.50 = $8.50....

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