John has a jacket and is willing to sell it for for as little as $45. Mary

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John has a jacket and is willing to sell it for for as little as $45. Mary has a jacket and is willing to sell it for for as little as $50. Buyer A bought the jacket from John and paid John $70. Buyer B bought the jacket from Mary and paid Mary $70. Calculate the total producer surplus for both John and Mary. Answer: The total producer surplus = $_____________

Posted Date: Jun 13, 2024 03:10 AM

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John has a jacket and is willing to sell it for for as little as $45. Mary

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