Question: Calculate the total surplus for the market using the information below. What is the market price? What is producer surplus at the market price?

Calculate the total surplus for the market using the information below. What is the market price? What is producer surplus at the market price? What is the consumer surplus at the market price? (6 points) Item Marginal WTP 15 MC 45 12 615 1 2 3 14 13 11 2 3 4 CO 6 7 8 9 10 11 12 10 ca 6 717 COCO CO 8 13 14 15 7 6 5 4 3 2 1 11 12 13 14 15 7 8 9 10

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