am. 122. increased Valve 258. The graph shows the supply curve of sleeping bags and the marketprice of a sleeping bag.Price (dollars per sleeping bag)120.00Draw a point to show the minimum supply price of theS30th sleeping bag. Label it 1.100.00-Draw a point to show the marginal cost of the 60thsleeping bag. Label it 2.80.00-MarketpriceDraw an arrow to show the producer surplus on the 60thsleeping bag.60.00-240.00-The producer surplus on the 60th sleeping bag is $20.00-0.00+0306090Supply Cure=maginal cast120150Quantity (sleeping bags per day)>>> Draw only the objects specified in the question.9The graph shows the supply curve of candles and the market pricePrice (dollars per candle)50.00

Producers making financial gains from selling a product is termed as producer surplus. The producer…

8. The graph shows the supply curve of sleeping bags and the market price of a sleeping bag. Draw a point to show the minimum supply price of the 30th sleeping bag. Label it 1. Draw a point to show the marginal cost of the 60th sleeping bag. Label it 2. Draw an arrow to show the producer surplus on the 60th sleeping bag. 120.00- 100.00 80.00- 60.00 40.00- The producer surplus on the 60th sleeping bag is $ 20.00- Price (dollars per sleeping bag) 0.00+ 0 30 60 لہ 2 90 Market price 120 150 Quantity (sleeping bags per day) >>> Draw only the objects specified in the question. Supp =

8. The graph shows the supply curve of sleeping bags and the market price of a sleeping bag. Draw a point to show the minimum supply price of the 30th sleeping bag. Label it 1. Draw a point to show the marginal cost of the 60th sleeping bag. Label it 2. Draw an arrow to show the producer surplus on the 60th sleeping bag. 120.00- 100.00 80.00- 60.00 40.00- The producer surplus on the 60th sleeping bag is $ 20.00- Price (dollars per sleeping bag) 0.00+ 0 30 60 لہ 2 90 Market price 120 150 Quantity (sleeping bags per day) >>> Draw only the objects specified in the question. Supp =

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter5: Markets In Motion And Price Controls

Section: Chapter Questions

Problem 1P

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