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The Following Figure Depicts the Supply Curve of a Certain

Question 197

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The following figure depicts the supply curve of a certain firm.
The following figure depicts the supply curve of a certain firm.    -Refer to the figure above.If A = 2,and the price elasticity of supply when price changes from 5 to B is 1/3,what is the producer surplus at the price B? A)  $20 B)  $30 C)  $40 D)  $50
-Refer to the figure above.If A = 2,and the price elasticity of supply when price changes from 5 to B is 1/3,what is the producer surplus at the price B?


A) $20
B) $30
C) $40
D) $50

Correct Answer:

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