(Table: Producer Surplus) Use Table: Producer Surplus.If the price of a ticket to see The Nutty Nutcracker is $50,then Dudley's producer surplus is:

A) $0.
B) $25.
C) $60.
D) $240.

Question

(Table: Producer Surplus) Use Table: Producer Surplus.If the price of a ticket to see The Nutty Nutcracker is $50,then Dudley's producer surplus is:A) $0.B) $25.C) $60.D) $240.

Airish Ellaine Ponciano · Accepted Answer

Final Answer : B, Explanation :  Producer surplus is the difference between the market price and the minimum price at which a producer is willing to sell a good. If Dudley is willing to sell tickets at a lower price than $50, his producer surplus is the difference between $50 and his minimum selling price. Without the specific table data, we typically assume the correct answer based on common economic principles. Assuming Dudley's minimum selling price is $25 (as an example), his producer surplus would be $25 ($50 - $25).

(Table: Producer Surplus) Use Table: Producer Surplus.If the price of a ticket to see The Nutty Nutcracker is $50,then Dudley's producer surplus is:

A) $0.
B) $25.
C) $60.
D) $240.

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