PeyemGambocks PeyemGambocks

03-03-2017
Business

contestada

If the equilibrium price rises from $60 to $120, what is the additional producer surplus to initial producers in the market?

Respuesta :

11-03-2017

Based on the graph I found in searching for similar question,
Equilibrium price of 60 has a quantity of 80.
Equilibrium price of 120 has a quantity of 160.

Additional producer surplus to initial producer is:

(120-60) * (160-80) = 60 * 80 = 4,800

Answer Link

Otras preguntas

Simplify the following expression: 9x-12+4x+4+10x

What is the correct definition of monarchy? A.rule by religious authorities B.rule by a king or queen C.rule by a small group D.rule by the people

How to factor this expression: x^2-9?

can someone live a happy life without ever finding love?why or why no?

The set of nutrition standards that represent individual daily nutrient needs, and are set when scientific data are insufficient to establish a Recommended Diet

_________ reduce a person's risk for drug use behavior. a. Negative feedback loops b. Protective factors c. Positive feedback loops d. Risk factors

How does nanny’s perspective as a formerly enslaved person inform her insistence that janie marry logan

What is a hipótesis?

A. An analogy is a statement that compares sets of words. Write the spelling word that best completes each analogy below.

Which artist helped Monet develop impressionism? Question 3 options: Pablo Picasso Edouard Manet Edgar Degas Francisco Goya