anyone who has a cost equal to the market price is willing to sell his or her us

Question

anyone who has a cost equal to the market price is willing to sell his or her used DVD player. ' Grmy Region A (the purple shaded area) represents the total producer's surplus when the market price is ,while Region B (the grey shaded area) represents when the market price Complete the foilowing table by indicating which statements are true or faise based on the information provided on the previous graph. True False Statement Producer's surplus is smaller when the price is $175 versus when it is $125. Assuming each student receives a positive surplus, Eric will always receive more producer's surplus than Ginny. There are more people selling used DVD players when the market price is $175 than when it is $125 In order for Kenji to ean a producer's surplus of exactly $50 from selinauseDDplayer, the market price needs to be$

Explanation / Answer

1) $ 125

2) Additional producer surplus

3) $ 175

4) a) False

P.S is the area below market price and above supply curve. When price is $ 175 then producer surplus is greater.

b) True

This is because Eric is always willing to sell good at lower price then Ginny.

c) True

5) At price of $ 210, P.S of Kenji = (210 - 200) x 5 unit = $ 50

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