claire is trying to sell her used calculus textbook online. she asks for $150 or best offer, and is willing…
claire is trying to sell her used calculus textbook online. she asks for $150 or best offer, and is willing to sell for anything over $100. she is able to sell it for $125. claire has a producer surplus. consumer surplus. claires surplus: $
Answer
Explanation:
Step1: Determine reservation price
Claire's minimum acceptable price is $100.
Step2: Identify selling price
The textbook sold for $125.
Step3: Calculate producer surplus
Producer surplus = Selling price - Reservation price = $125 - $100 = $25.
Answer:
25