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Please help I'm not sure how to make these calculations 7. The graph below shows a supply curve with areas marked corresponding to a price
Please help I'm not sure how to make these calculations
7. The graph below shows a supply curve with areas marked corresponding to a price of $38 per item. Quantities are measured in units of thousand items. S(p) 30oo Area=275 2000 1600 Area=30 Area=150 38 1 (a) What is the producer revenue? Bud (b) What is the producer surplus? (c) What is the producer willingness and ability to receiveStep by Step Solution
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