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:
Achievement Motivation
The desire to accomplish something significant, excel, and reach high standards of performance.
Fear of Failure
The pervasive apprehension about failing to meet standards or achieve goals, which can significantly inhibit one's willingness to take risks or try new tasks.
Botany Course
An educational class dedicated to the scientific study of plant life, including their classification, structure, processes, and contributions to the environment.
Subjective Conscious Experience
An individual's personal, internal experience of phenomena, which cannot be directly observed or measured by others.
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