Table: Barrels of Oil Refer to the Table

question 146

Multiple Choice

Table: Barrels of Oil $$\begin{array} { l c } \hline \text { Country } & \begin{array} { c } \text { Minimum willingness to sell } \\\text { a single barrel of oil }\end{array} \\\hline \text { Country X } & \$ 32.00 \\\text { Country Y } &16.00 \\\text { Country Z } & 17.25 \\\text { Country A } & 56.99 \\\hline\end{array}$$ Refer to the table. What is the total amount of producer surplus (per barrel of oil) earned by all four producers if the market price per barrel of oil is $51?

• A) $65.25
• B) $81.76
• C) $87.75
• D) $93.74

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