Refer to the above table. What is the producer surplus for all producers A, B, C, and D?
A) $6
B) $13
C) $19
D) $24

Question

Refer to the above table. What is the producer surplus for all producers A, B, C, and D?
A) $6 
B) $13 
C) $19 
D) $24

Quizplus · Accepted Answer

To calculate producer surplus for all producers, we need to find the area above the supply curve and below the equilibrium price. For producer A, the surplus is $2. For producer B, the surplus is $4. For producer C, the surplus is $6. For producer D, the surplus is $7. Therefore, the total producer surplus is $2 + $4 + $6 + $7 = $19.

Refer to the Above Table