1. Suppose the market for watermelons can be described by the graph below $11 S Price $6 $4 200 Quantity a. If Jon is willing to pay as much as $8 for a watermelon , how much surplus would he receive if he pays the market price for a watermelon b. Suppose Figgy Farms requires at least $5 per watermelon to be willing to sell in this market . What is Figgy's producer surplus for one watermelon in this market ? c. How much total consumer surplus is received in this market ? d. How much total producer surplus is received in this market ? e. What is the total surplus (combined consumer and producer surplus ) in the market