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4 years ago

the exhibit given below shows the supply curve of printing machines. at a price of $400 per machine, the producer surplus is:

Business

1 answer:

galben [10]4 years ago

4 0

I believe this question has the following figure to go with (see attached pic).

Producer surplus is the difference in the amount the producers are receiving for a product and the baseline that they would really accept to keep or maintain a certain supply level. At a level of $400, the surplus is $200 as we can see at point 2.

Answer:

$200

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​the exhibit given below shows the supply curve of printing machines. at a price of $400 per machine, the producer surplus is:

the exhibit given below shows the supply curve of printing machines. at a price of $400 per machine, the producer surplus is: