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Business, 30.10.2019 06:31 dkdk31

6. producer surplus and price changes the following graph shows the supply curve for a group of students looking to sell used tablets. each student has only one used tablet to sell. each rectangular segment under the supply curve represents the "cost," or minimum acceptable price, for one student. assume that anyone who has a cost just equal to the market price is willing to sell his or her used tablet. 0 1 2 3 4 5 6 300 250 200 150 100 50 0 price (dollars per used tablet) quantity (used tablets) a b sean yvette bob cho eric ginny region a (the purple shaded area) represents the total producer surplus when the market price is $ , while region b (the grey shaded area) represents when the market price . in the following table, indicate which statements are true or false based on the information provided on the previous graph. statement true false assuming each student receives a positive surplus, sean will always receive more producer surplus than yvette. producer surplus is larger when the price is $175 than when it is $125. in order for ginny to earn a producer surplus of exactly $50 from selling a used tablet, the market price needs to be $ .

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