Table 7-14
$$\begin{array}{l}
\begin{array} { | l | l | }
\hline \text { Buyer } & \begin{array} { l }
\text { Willingness to } \
\text { Pay } ( \$ )
\end{array} \
\hline \text { A } & 15 \
\hline B & 30 \
\hline \text { C } & 45 \
\hline \text { D } & 60 \
\hline
\end{array}\\
\begin{array} { | l | l | }
\hline \text { Seller } & \text { Cost (\$) } \
\hline W & 10 \
\hline \mathrm { X } & 20 \
\hline \mathrm { Y } & 30 \
\hline \mathrm { Z } & 40 \
\hline
\end{array}
\end{array}$$
-Refer to Table 7-14. How much is total producer surplus at the equilibrium price in this market?

Question

Table 7-14
 $$\begin{array}{l}
\begin{array} { | l | l | } 
\hline \text { Buyer } & \begin{array} { l } 
\text { Willingness to } \
\text { Pay } ( \$ )
\end{array} \
\hline \text { A } & 15 \
\hline B & 30 \
\hline \text { C } & 45 \
\hline \text { D } & 60 \
\hline
\end{array}\\
\begin{array} { | l | l | } 
\hline \text { Seller } & \text { Cost (\$) } \
\hline W & 10 \
\hline \mathrm { X } & 20 \
\hline \mathrm { Y } & 30 \
\hline \mathrm { Z } & 40 \
\hline
\end{array}
\end{array}$$
-Refer to Table 7-14. How much is total producer surplus at the equilibrium price in this market?

Quizplus · Accepted Answer

The Answer of Table 7-14
 $$\begin{array}{l}
\begin{array} { | l | l | } 
\hline \text { Buyer } & \begin{array} { l } 
\text { Willingness to } \
\text { Pay } ( \$ )
\end{array} \
\hline \text { A } & 15 \
\hline B & 30 \
\hline \text { C } & 45 \
\hline \text { D } & 60 \
\hline
\end{array}\\
\begin{array} { | l | l | } 
\hline \text { Seller } & \text { Cost (\$) } \
\hline W & 10 \
\hline \mathrm { X } & 20 \
\hline \mathrm { Y } & 30 \
\hline \mathrm { Z } & 40 \
\hline
\end{array}
\end{array}$$
-Refer to Table 7-14. How much is total producer surplus at the equilibrium price in this market?

Table 7-14 -Refer to Table 7-14