Let P represent price; let QS represent quantity supplied; and assume the equation of the supply curve is 
.If 80 units of the good are produced and sold,then producer surplus amounts to $1,200.
Definitions:
Behaviorist Perspective
A theory of learning based on the idea that all behaviors are acquired through conditioning, emphasizing observable behaviors over internal states.
Learning Perspective
A psychological approach that emphasizes the role of environmental influences on observable behavior.
Biological Perspective
An approach in psychology that examines psychological issues through the lens of biological processes, including genetics and brain functions.
Social Psychologists
Scientists who study how people's thoughts, feelings, and behaviors are influenced by the actual, imagined, or implied presence of others.
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