Vide X Pear X e Tex X Pear X Take X G how x C Solv X Ecor X PDF Chal X POF Cha; X PDF Quiz X PDF Quiz X + X - C mathxl.com/Student/PlayerTest.aspx?historyid=96093_T_214365366_2&productid=cong&testid=218760048&appproductid=4&handler_urn=pearson%2f... S : Apps M Inbox - wasifs4@m. Mail - sarah wasif -... Mosaic Commerce 1AA3 Fa... Homepage - McMa.. Microsoft Office Ho.. Anthropology Textb. Other bookmarks Econ 1803 Fall 2020 Sarah Wasif Quiz: HW #3_Ch. 5 and 6 Submit Quiz This Question: 1 pt 1 of 20 This Quiz: 26 pts possible The diagram to the right illustrates the market for outdoor concert tickets in a park in the middle of a P residential area in a particular town. Ticket prices are measured in dollars (the grid is drawn for $2.50 $55- Q increments) and ticket quantities are measured in thousands. The locals are not happy about the increased traffic congestion and noise that accompany each concert. Note that supply curve S, represents the $50- marginal private cost of the concerts and the market equilibrium (Q, P) is (12,000, $27.50). What is the $45- value of producer surplus at market equilibrium? $40- S2 $35.00 The value of producer surplus at market equilibrium is $. (Round to the nearest dollar as needed.) $30- $27.50 S $25- $20- $15- $10- $5- $0- 18 12 Di 0 5 10 15 20 25 20 Q of Tickets (Thousands) Enter your answer in the answer box. ? Save for Later