Stefano Has Just Completed an Original Oil Painting

Multiple Choice

Stefano has just completed an original oil painting. After considering the costs for brushes, paint, canvas, and the value of Stefano's labor time, the marginal cost of the painting is $1,000. Lucky Stefano. One art lover paid him $1,500. How much producer surplus did Stefano obtain?

A) The amount of producer surplus cannot be determined from the information given.
B) $1,500
C) $1,000
D) $500