Module 49 Featured Worksheet 2 Producer Surplus 1. Consider the following table which shows 5 individuals' willingness to sell concert tickets. It'the price of a ticket is $35, calculate producer surplus for each individual. Potential Seller Willingness Price Producer Surplus 1. What is quantity of tickets demanded at a price of $35? 2. Fill in the producer surplus for each individual in the table. 3. If Trevor, Kim, Mike, Kyle, and Rashawn are the only suppliers in the market, how much is total producer surplus? Show your work. 4. What is the quantity of tickets demanded and total producer surplus if the price of tickets increases to $50? Show your work