When the price is $70 a ride, what is each firms producer surplus? What is the market

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When the price is $70 a ride, what is each firm€™s producer surplus? What is the market producer surplus?
The table gives the supply schedules of hot air balloon rides for the only sellers in the market, Xavier, Yasmin, and Zack.

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Microeconomics

ISBN: 978-0133019940

11th edition

Authors: Michael Parkin

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Question Posted: Dec 15, 2015 07:02 AM

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When the price is $70 a ride, what is each firms producer surplus? What is the market

Question:

Quantity supplied (rides per week) (dollars per ride) Xavie YnZack 100 90 80 70 60 50 40 30 25 25 20 20 15 15 10 10 15 10

Step by Step Answer:

Xaviers producer surplus is 225 Yasmins producer surplus is 100 and Zacks producer surplus is 2...View the full answer

Microeconomics

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