Can you help me with question 34?I don’t know how to calculate it. acture.com/courses/100715/quizzes/619020/takeDQuesti 34(Figure: Supply Curve 2) Use the supply curve for bottles of dish soap in the graph tquestion.Price$8$201O SO$6If 15 bottles are sold at a price of $8, what is the total producer surplus?O $45O $90SupplyH OQuiz: Midterm15 Quantity-answer the1 pts

Total producer surplus is the area below the price given in the question and above the supply curve…

acture.com/courses/100715/quizzes/619020/take Question 34 (Figure: Supply Curve 2) Use the supply curve for bottles of dish soap in the graph to answer the question. Price $8 2 01 Supply Quiz Midterm 15 Quantity 1 pts

acture.com/courses/100715/quizzes/619020/take Question 34 (Figure: Supply Curve 2) Use the supply curve for bottles of dish soap in the graph to answer the question. Price $8 2 01 Supply Quiz Midterm 15 Quantity 1 pts

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Can you help me with question 34? I don’t know how to calculate it.

acture.com/courses/100715/quizzes/619020/take
D
Questi 34
(Figure: Supply Curve 2) Use the supply curve for bottles of dish soap in the graph t
question.
Price
$8
$2
01
O SO
$6
If 15 bottles are sold at a price of $8, what is the total producer surplus?
O $45
O $90
Supply
H O
Quiz: Midterm
15 Quantity
-
answer the
1 pts

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