Sarah sells fresh lobsters from her pick-up truck in Maine. Normally she charges $15 per lobster but she is tired from a long day and would be willing to give away her last five lobsters for free. A regular customer arrives, who ordinarily pays $30 for two lobsters. How much producer surplus does Sarah get in this transaction?

Answer rating: 100% (QA)

Sarahs normal price is 15 per lobster so her willingness to give a... View the full answer