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The Schedule Below Represents the Willingness of a Typical Vintner

Question 88

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The schedule below represents the willingness of a typical vintner to produce wine in a year. Suppose there are 100 identical producers in the market.
TABLE 6-4
The schedule below represents the willingness of a typical vintner to produce wine in a year. Suppose there are 100 identical producers in the market. TABLE 6-4 -Refer to Table 6-34. If the market price of wine is $20, what is the total producer surplus equal to? A) $1 000 000 B) $2 000 000 C) $3 000 000 D) $4 000 000
-Refer to Table 6-34. If the market price of wine is $20, what is the total producer surplus equal to?


A) $1 000 000
B) $2 000 000
C) $3 000 000
D) $4 000 000

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