Table 7-19
The following table shows the cost of producing a good for the only four producers in a market.

-Refer to Table 7-19. If the market equilibrium price is $28, what is total producer surplus in the market?

Question

Table 7-19
The following table shows the cost of producing a good for the only four producers in a market.
 
-Refer to Table 7-19. If the market equilibrium price is $28, what is total producer surplus in the market?

Quizplus · Accepted Answer

The Answer of Table 7-19
The following table shows the cost of producing a good for the only four producers in a market.
 
-Refer to Table 7-19. If the market equilibrium price is $28, what is total producer surplus in the market?

Table 7-19 The Following Table Shows the Cost of Producing a Good