Question: The equilibrium price in the market for jet skis is $5,500. In the Candlewood Lake area, there are two jet ski sellers, Junior's Jet

The equilibrium price in the market for jet skis is $5,500. In

The equilibrium price in the market for jet skis is $5,500. In the Candlewood Lake area, there are two jet ski sellers, Junior's Jet Skis and Miller Water Sports. Junior's Jet Skis would be willing to sell a jet ski for $4,500. Miller Water Sports would be willing to sell a jet ski for $5,250. On Saturday, Junior's Jet Skis sells 1 jet ski and Miller Water Sports sells 1 jet ski. What is the total producer surplus for the two sellers on Saturday? Answer: The total producer surplus = $_

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