2:24 PM a bb.csueastbay.edu 11% ad Question Completion Status: O Larger than $45

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2:24 PM a bb.csueastbay.edu 11% ad Question Completion Status: O Larger than $45 but exact value cannot be known without more information. 10 points Saved QUESTION 8 The diagram below represents the market for paperback books. Please use it to answer the following questions. Price per book 30 dollars) 15 15 30 Thousands of books per week In the market for paperback books, producer surplus is: O a. $15.00 Ob. $30.00 Oc. $112.50 O d. $225.00 O e. none of the above 10 points Save Answer Click Save and Submit to save and submit. Click Save All Answers to save all answers. and Submit

Explanation / Answer

Answer is C. $ 112.50 Explanation: Producer's surplus: 1/2 * 15* 15 = 112.50

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