(Figure: Determining Surplus 2) in the Graph, Producer Surplus Is

question 74

Multiple Choice

(Figure: Determining Surplus 2) In the graph, producer surplus is equal to

• A) $12.
• B) $30.
• C) $54.
• D) $60.

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Definitions:

Population

The total number of people occupying an area or making up a whole group, often studied in demographics.

Draw

In a general context, refers to reaching a conclusion or result that is even or tied; in art, it refers to the act of producing an image on a surface by making lines and marks.

Conclusions

Final decisions or opinions formed after a period of consideration or investigation.

Serendipity

Unanticipated, yet informative, results of a research study.