Doni is willing to sell a shoe X for Rp. 30, Bobo is willing to sell a shoe X for Rp. 40, Roni is willing to sell a shoe X for Rp. 50. it turns out that when it is sold in the market, the price of the shoe is Rp. 70, so the total producer surplus is amounting to Rp 90 True or false?
Doni is willing to sell a shoe X for Rp. 30, Bobo is willing to sell a shoe X for Rp. 40, Roni is willing to sell a shoe X for Rp. 50. it turns out that when it is sold in the market, the price of the shoe is Rp. 70, so the total producer surplus is amounting to Rp 90 True or false?
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter3: Market Demand And Supply
Section3.A: Consumer Surplus, Proudcer Suplus, And Market Efficency
Problem 2SQP
Related questions
Question
100%
Doni is willing to sell a shoe X for Rp. 30, Bobo is willing to sell a shoe X for Rp. 40, Roni is willing to sell a shoe X for Rp. 50. it turns out that when it is sold in the market, the
True or false?
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.Recommended textbooks for you
Economics (MindTap Course List)
Economics
ISBN:
9781337617383
Author:
Roger A. Arnold
Publisher:
Cengage Learning