Marty Has a Collection of Beer Cans That He Is

question 30

Essay

Marty has a collection of beer cans that he is willing to sell for $850.Someone offers him $1,000 for his collection.Calculate Marty's producer surplus.What happens to Marty's producer surplus if someone offers him $1,200 instead?

---

Definitions:

Amarna

An archaeological site of an ancient Egyptian city noted for the Amarna Period under Pharaoh Akhenaten, during which radical artistic and religious changes occurred.

Edfu

An Egyptian city known for its well-preserved Ptolemaic temple, dedicated to the falcon god Horus, which is one of the best-preserved temples in Egypt.

Temple

A building dedicated to religious or spiritual activities, such as worship and prayer, commonly associated with a particular deity or religion.

Horus

An ancient Egyptian god, typically depicted as a falcon or a man with a falcon's head, representing the sky, war, and hunting, and known as a protector of the pharaoh.