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Table 5.6 -Refer to Table 5.6.The Equations Above Describe the Demand and the Demand

Question 175

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Table 5.6 Table 5.6 -Refer to Table 5.6.The equations above describe the demand and supply for Chef Ernie's Sushi-on-a-Stick.The equilibrium price and quantity for Chef Ernie's sushi are $60 and 20 thousand units.What is the value of producer surplus? A) $100 thousand B) $200 thousand C) $600 thousand D) $800 thousand
-Refer to Table 5.6.The equations above describe the demand and supply for Chef Ernie's Sushi-on-a-Stick.The equilibrium price and quantity for Chef Ernie's sushi are $60 and 20 thousand units.What is the value of producer surplus?


A) $100 thousand
B) $200 thousand
C) $600 thousand
D) $800 thousand

Correct Answer:

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