There is a large market in Brisbane for electricians. The market clearing price for the electricians is
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Question:
There is a large market in Brisbane for electricians. The market clearing price for the electricians is $60 per hour. Assume that 9435 electricians are operating and each supplies 7 hours of labour a day. If the electricians follow a linear, upward sloping supply curve and the smallest opportunity cost for offering their service is $27 per hour (when quantity supplied equals zero), what is the producer surplus per day for all electriciansto the nearest whole dollar figure (with no decimal places)?
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