Table 7-18
The following table shows the cost of producing a good for the only four producers in a market.
-Refer to Table 7-18. If the market equilibrium price is $28, what is total producer surplus in the market?

Question

Table 7-18
The following table shows the cost of producing a good for the only four producers in a market. 
-Refer to Table 7-18. If the market equilibrium price is $28, what is total producer surplus in the market?

Quizplus · Accepted Answer

The Answer of Table 7-18
The following table shows the cost of producing a good for the only four producers in a market. 
-Refer to Table 7-18. If the market equilibrium price is $28, what is total producer surplus in the market?

Table 7-18 The Following Table Shows the Cost of Producing a Good