Figure: Earned Producer Surplus Refer to the Figure

question 134

Multiple Choice

Figure: Earned Producer Surplus Refer to the figure. Calculate the total dollar amount of producer surplus earned in this market at a price of $100.

• A) $5,000
• B) $10,000
• C) $100
• D) $200

---

Definitions:

Graphical Maximization

A technique used in operations research and economics to find the highest value of an objective function given certain constraints, represented graphically.

Feasible Region

In optimization problems, the set of all possible points that satisfy the problem's constraints and are therefore considered for the solution.

Linear Programming

Linear Programming is a mathematical method used for achieving the best outcome in a model with linear relationships, commonly applied in optimization and resource allocation.

Simplex Method

An algorithm for solving linear programming problems of all sizes.