Table 33 -Refer to Table 3

question 117

Multiple Choice

Table 3.3
$\begin{array}{|l|c|}\hline \text { Demand } & \text { Supply } \\\hline P=80-Q D & P=50+1 / 2 Q S \\\hline Q D=80-P & Q S=2 P-100\\\hline\end{array}$
-Refer to Table 3.3.The equations above describe the demand and supply for Chef Ernie's Sushi-on-a-Stick.The equilibrium price and quantity for Chef Ernie's sushi are $60 and 20 thousand units.What is the value of producer surplus?

• A)$100 thousand
• B)$200 thousand
• C)$600 thousand
• D)$800 thousand

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Definitions:

Spontaneous Recovery

The reappearance of a previously extinguished response after a period of no exposure to the conditioned stimulus, observed in classical conditioning.

Spontaneous Recovery

A phenomenon in psychology where previously extinguished responses reappear after a period of no exposure to the conditioned stimulus.

Spontaneous Recovery

The reappearance of a conditioned response after a period of apparent extinction or reduction in strength.

Extinction

In behavior psychology, the process through which a conditioned response decreases or disappears after repeated exposure without the unconditioned stimulus.