Question
Sues opportunity cost to produce last bushel of tomatoes is $5 per bushel. The maximum that any buyer would pay for that bushel is $9.
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Sue’s opportunity cost to produce last bushel of tomatoes is $5 per bushel. The maximum that any buyer would pay for that bushel is $9. If Sue sells her bushel of tomatoes for $6, then her producer surplus is equal to ___ (need work shown)
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Corporate Financial Management
Authors: Glen Arnold
5th edition
978-1292178066, 129217806X, 273758837, 978-0273758839
