Scenario: Cooper offers to purchase Brant
For unlimited access to Homework Help, a Homework+ subscription is required.
Using the information below about willingness to supply ginger ale, calculate the total producer surplus at a market price of $5.
The marginal cost of producing ginger ale:
Gene $6
Brandon $3
Matt $2
Cooper $11
Jed $5
How do your answers change if the price falls to $2?