(Figure: Willingness to Accept) The price is $25. In the table, what is Andy's producer surplus?
$\begin{array}{|l|l|}
\hline \text { Seller } & \text { Willingness to Accept } \
\hline \text { Mark } & \$ 20 \
\hline \text { Hank } & \$ 15 \
\hline \text { Andy } & \$ 10 \
\hline
\end{array}$

Question

(Figure: Willingness to Accept) The price is $25. In the table, what is Andy's producer surplus?
 $\begin{array}{|l|l|}
\hline \text { Seller } & \text { Willingness to Accept } \
\hline \text { Mark } & \$ 20 \
\hline \text { Hank } & \$ 15 \
\hline \text { Andy } & \$ 10 \
\hline
\end{array}$

Quizplus · Accepted Answer

Andy's producer surplus is the difference between the market price ($25) and his willingness to accept ($10), which is $15.

(Figure: Willingness to Accept) the Price Is $25 A) $5 B) $10 C) $15 D) $20

(Figure: Willingness to Accept) the Price Is $25 A) $5
B) $10
C) $15
D) $20