7 When the price is 70 a ride, what is each fi rms producer surplus? What is...

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7 When the price is €70 a ride, what is each fi rm’s producer surplus? What is the market producer surplus?

The table gives the supply schedules of hot air balloon rides for the only sellers in the market: Xavier, Yasmin and Zack.

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Economics

ISBN: 9781118150122

10th European Edition

Authors: Michael Parkin, Dr Melanie Powell, Prof Kent Matthews

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Question Posted: Nov 06, 2024 03:00 AM

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7 When the price is 70 a ride, what is each fi rms producer surplus? What is...

Question:

Price (euros per ride) Quantity supplied (rides) Xavier Yasmin Zack 100 30 25 20 90 25 20 15 80 20 15 10 70 15 10 5 60 10 5 0 50 5 0 0 40 0 0 0

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Economics

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