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(Table: Barrels of Oil) Refer to the Table

Question 94

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(Table: Barrels of Oil) Refer to the table. What is the total amount of producer surplus (per barrel of oil) earned by all four producers if the market price per barrel of oil is $51? Table: Barrels of Oil Minimum willingness to sell (Table: Barrels of Oil) Refer to the table. What is the total amount of producer surplus (per barrel of oil) earned by all four producers if the market price per barrel of oil is $51? Table: Barrels of Oil Minimum willingness to sell A) $65.25 B) $81.76 C) $87.75 D) $93.74


A) $65.25
B) $81.76
C) $87.75
D) $93.74

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