Table 7-12
The numbers reveal the opportunity costs of providing 10 piano lessons of equal quality.
-Refer to Table 7-12. The equilibrium market price for 10 piano lessons is $300. What is the total producer surplus in the market?
A)$50
B)$150
C)$1,050
D)$1,500

Question

Table 7-12
The numbers reveal the opportunity costs of providing 10 piano lessons of equal quality. 
-Refer to Table 7-12. The equilibrium market price for 10 piano lessons is $300. What is the total producer surplus in the market?
A)$50 
B)$150 
C)$1,050 
D)$1,500

Quizplus · Accepted Answer

The Answer of Table 7-12
The numbers reveal the opportunity costs of providing 10 piano lessons of equal quality. 
-Refer to Table 7-12. The equilibrium market price for 10 piano lessons is $300. What is the total producer surplus in the market?
A)$50 
B)$150 
C)$1,050 
D)$1,500

Table 7-12 The Numbers Reveal the Opportunity Costs of Providing 10 Piano