Use the following to answer question: 
-(Figure: Producer Surplus III) Look at the figure Producer Surplus III.If the price of the good is $2,producer surplus will equal:
Definitions:
SSE
The aggregate of error squares, being the difference between model estimates and observed data, showing how well a model fits.
Least Squares Method
The method used to develop the estimated regression equation. It minimizes the sum of squared residuals (the deviations between the observed values of the dependent variable, yi, and the predicted values of the dependent variable, ŷi).
Observed Values
The actual measurements or data collected in an experiment or study.
Predicted Values
The outcomes or values estimated based on a mathematical model or prediction equation.
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