If producing a soccer ball costs Jake $5, and he sells it for $40, his producer surplus is $35.

Name: If producing a soccer ball costs Jake $5, and he sells it for $40, his producer surplus is $35.
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Producer surplus is the difference between what a producer is willing to accept for a good versus what they actually receive. In this case, Jake receives $40 for a soccer ball that costs him $5 to produce, so his producer surplus is $40 - $5 = $35.

If Producing a Soccer Ball Costs Jake $5, and He