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2. [0/11 Points] DETAILS PREVIOUS ANSWERS LCALCCON5 6.4.009. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER following. The figure represents a supply function with a fixed

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2. [0/11 Points] DETAILS PREVIOUS ANSWERS LCALCCON5 6.4.009. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER following. The figure represents a supply function with a fixed market price denoted by its corresponding point on the supply graph. Calculate the values of and write sentences of interpretation for each of the q million pots (20, 50) S (2, 14) p dollars per pot N In (a) Producer revenue X million : . . . ................."; The total amount received from supplying x million pots at a market price of $ X per pot, is $ million. Enter a number. (b) Producer surplus LA million The difference between the revenue from supplying million pots and the amount that must be received to supply million pots is $ million. (c) Producer willingness and ability to receive million The minimum amount of money needed to supply 79 x million pots is $ million

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