Question: please show the work precisely with clear writing. 14. Consider Janis the pearl producer with cost curves as shown next. Janis produces 1,000 pearls when
please show the work precisely with clear writing.


14. Consider Janis the pearl producer with cost curves as shown next. Janis produces 1,000 pearls when the price of pearls is $100. Price 1,000 Q'm''Y Goolsbee et al., Microeconomics, 3e, (0 2020 Worth Publishers Description The data of the graph are as follows: The Quantity is represented along the horizontal axis, and its values are 0 and 1000. The Price and cost in U S dollars per unit is represented along the vertical axis, and its values are 0 and 100. A line is drawn parallel to the horizontal axis at 100 dollars on the vertical axis. There are 1 3 points and they are labeled A, B, C, D, E, F, G, H, 1,], K, L, and M. Three curves labeled M C, A T C, and A V C pass through I, P, E, D, C, E, J, and B. a. What is the area of producer surplus earned by Janis if the price of pearls is $100? b. Explain why areas ADI and ADLM must be equal
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