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Table 4-11 -Refer to Table 4-11. the Equations Above Describe the Demand

Question 373

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Table 4-11
Table 4-11 -Refer to Table 4-11. The equations above describe the demand and supply for Chef Ernie's Sushi-on-a-Stick. The equilibrium price and quantity for Chef Ernie's sushi are $60 and 20 thousand units. What is the value of producer surplus? A) $100 thousand B) $200 thousand C) $600 thousand D) $800 thousand
-Refer to Table 4-11. The equations above describe the demand and supply for Chef Ernie's Sushi-on-a-Stick. The equilibrium price and quantity for Chef Ernie's sushi are $60 and 20 thousand units. What is the value of producer surplus?


A) $100 thousand
B) $200 thousand
C) $600 thousand
D) $800 thousand

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