Question
Potential producers : Opportunity Cost of Pink Elephant ( R/pink elephant) Charles : R 1 500 Nicholas : R 1 200 Duncan : R 1000
Potential producers : Opportunity Cost of Pink Elephant ( R/pink elephant)
- Charles : R 1 500
- Nicholas : R 1 200
- Duncan : R 1000
- Fanie : R 750
- Cobus : R 500
a) if the price of a pink elephant is R 1300, the total producer surplus for these five people is ?
b) If the price of a pink elephant is R 1 100, Duncan`s producer surplus will be?
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Econometric Analysis
Authors: William H. Greene
5th Edition
130661899, 978-0130661890
