1)

Potatoes cost Janice $1.10 per kilogram, and she has $5.00 that she could possibly spend on potatoes or other items. If she feels that the rst kilogram of potatoes is worth $1.50. the second kilogram is worth $1.14. the third kilogram is worth $1.05. and all subsequent kilograms are worth $0.30, how many kilograms of potatoes will she purchase? What if she only had $2.00 to spend? Janice will purchase with her original $5.00 ofincome. Janice will purchase when her income is $2.00. Refer to the table below. If the six people listed in the table are the only producers in the market and the equilibrium price is $6, how much producer surplus will the market generate if each person has only one unit of the good to sell? (2) (3) (1) Minimum Actual Price Person Acceptable Price (Equilibrium Price) Carlos $2 $6 Courtney 4 6 Carla 6 6 Cindy 8 6 Carmela 10 6 Chad 12 6 Instructions: Enter a whole number as your answer. Total producer surplus: $Refer to the table below. If the six people listed in the table are the only producers in the market and the equilibrium price is $6. how much producer surplus will the market generate if each person has only one unit of the good to sell? (3 ) f 3) Ilinilun Intull Eric. In: - - Prion E - ililsriun Pric- __-_ --__ -"_____ Instructions: Enter a whole number as your answer. Total producer surplus: $