PeyemGambocks PeyemGambocks

03-03-2017
Business

contestada

If the equilibrium price rises from $60 to $120, what is the additional producer surplus to initial producers in the market?

Respuesta :

11-03-2017

Based on the graph I found in searching for similar question,
Equilibrium price of 60 has a quantity of 80.
Equilibrium price of 120 has a quantity of 160.

Additional producer surplus to initial producer is:

(120-60) * (160-80) = 60 * 80 = 4,800

Answer Link

Otras preguntas

-3a-3=2n+3p solve for a

The sum of two rational numbers will always be

What organelle does “Pompe Disease” affect in the cell, and how does this disease affect someone’s life?

A _______ is placed at the beginning of a staff to show the exact pitch of each line and space.

what is 200 increased by 10%

If you read your horoscope in the morning newspaper and feel strongly that it is a personal message about how to conduct your day, you may be experiencing the:

Evoking the sense of common bond among listeners advances which goal of decorum

What does it mean if you're suspicious? What does the word incredible mean? What does the word brutal mean?

What stores energy serves as a steroid and makes up much of the cell membrane?

A car is traveling around a horizontal circular track with radius r = 220 m as shown. It takes the car t = 61 s to go around the track once. The angle θA = 23°