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Figure: Determining Surplus 2
-(Figure: Determining Surplus 2)In the graph,how much is producer surplus?

Question

Use the following to answer questions 
Figure: Determining Surplus 2 
-(Figure: Determining Surplus 2)In the graph,how much is producer surplus?

Quizplus · Accepted Answer

Producer surplus is the difference between the price producers are willing to sell at and the price they actually receive. In this case, producers are willing to sell at $15, but they are actually receiving $25. Therefore, producer surplus is $15 - $25 = $10.

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