Answer to Question #83949 in Microeconomics for gul

Question #83949
Alex sells an ipod for $200 and gets producer surplus of $80.
What is her willingness to sell?
if she sold the ipod for $80, what would her producer surplus have been?
if the price of an ipod were $200, what would her producer surplus have been?
1
Expert's answer
2018-12-28T05:16:11-0500

Alex sells an ipod for $200 and gets producer surplus of $80, so her willingness to sell is 200 + 80 = $280.

If she sold the ipod for $80, then her producer surplus would have been 280 - 80 = $200.

If the price of an ipod were $200, then her producer surplus would have been $80.

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