-The figure above shows the supply curve for soda.The market price is $1.00 per soda.The producer surplus from the 20,000th soda is

Question

Quizplus · Accepted Answer

The producer surplus from the 20,000th soda is the difference between the market price and the marginal cost of producing the 20,000th soda. The marginal cost of producing the 20,000th soda is $0.50, so the producer surplus from the 20,000th soda is $1.00 - $0.50 = $0.50.

-The Figure Above Shows the Supply Curve for Soda