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Suppose seller X is willing to sell one good X for $5, a second good X for $10, a third for $16, a fourth for $25, and the market price is $20. What is seller X ’s producer surplus? a. $15 b. $20 c. $22 d. $29

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Suppose seller X is willing to sell one good X for $5, a second good X for $10, a third for $16, a fourth for $25, and the market price is $20. What is seller X’s producer surplus? a. $15 b. $20 c. $22 d. $29

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Additional Business Textbook Solutions

Suppose seller X is willing to sell one good X for $5, a second good X for $10, a third for $16, a fourth for $25, and the market price is $20. What is seller X’s producer surplus?

a. $15

b. $20

c. $22

d. $29