Table 3.5
-Refer to Table 3.5.The equations above describe the demand and supply for Aunt Maud's Premium Hand Lotion.The equilibrium price and quantity for Aunt Maud's lotion are $20 and 30 thousand units. What is the value of producer surplus?
A)$600 thousand
B)$300 thousand
C)$150 thousand
D)$30 thousand

Question

Table 3.5 
-Refer to Table 3.5.The equations above describe the demand and supply for Aunt Maud's Premium Hand Lotion.The equilibrium price and quantity for Aunt Maud's lotion are $20 and 30 thousand units. What is the value of producer surplus?
A)$600 thousand 
B)$300 thousand 
C)$150 thousand 
D)$30 thousand

Quizplus · Accepted Answer

The Answer of Table 3.5 
-Refer to Table 3.5.The equations above describe the demand and supply for Aunt Maud's Premium Hand Lotion.The equilibrium price and quantity for Aunt Maud's lotion are $20 and 30 thousand units. What is the value of producer surplus?
A)$600 thousand 
B)$300 thousand 
C)$150 thousand 
D)$30 thousand

Table 3.5 -Refer to Table 3.5.The Equations Above Describe the Demand and the Demand