-In the above figure, when the efficient quantity of gloves is produced, the total producer surplus is
A) $3,000.
B) $15,000.
C) $22,500.
D) $45,000.

Question

-In the above figure, when the efficient quantity of gloves is produced, the total producer surplus is
A) $3,000. 
B) $15,000. 
C) $22,500. 
D) $45,000.

Quizplus · Accepted Answer

The total producer surplus is calculated as the area above the supply curve and below the price level up to the efficient quantity. Without the figure, we assume the correct answer based on typical economic scenarios.

-In the Above Figure, When the Efficient Quantity of Gloves