Producer surplus is the difference between the price consumers pay and the supply curve The graph on the right depicts the supply and demand curves for a market in competitive equilibrium 1.) Using the triangle drawing tool, highlight the area on the graph that represents producer surplus. Label this area PS Carefully follow the instructions above and only draw the required object Using your graph, calculate the producer surplus in this market Producer surplus is (Round your response to two decimal places) CTC JSO

9. Shirts in supply or demana 11 The following graph shows the market for croissants in San Diego, where there are over 1,000 bakeries at any given moment. Suppose an innovation in the baking process makes it possible to produce more croissants at a lower cost than ever before. Show the effect of this change on the market for croissants by shifting one or both of the curves on the following graph, holding all else constant. Note: Select and drag one or both of the curves to the desired position. Curves will snap into position, so if you try to move a curve and it snaps back to its original position, just drag it a little farther. PRICE (Dollars per croissant) QUANTITY (Croissants) Supply Demand Demand T Supply ?

Please answer correct the answer explain calculation   Don't answer by Pen paper please

Homework (Ch 07) The following graph shows the supply curve for a group of sellers in the U.S. market for smartphones (orange line). Each seller has only one smartphone to sell. The market price of a smartphone is shown by the black horizontal line at $105. Each rectangle on the graph corresponds to a particular seller in this market: blue (circle symbols) for Jacques, green (triangle symbols) for Kyoko, purple (diamond symbols) for Musashi, tan (dash symbols) for Rina, and orange (square symbols) for Sean. (Note: The name labels are to the right of the corresponding segment on the supply curve.) Use the rectangles to shade the areas representing producer surplus for each person who is willing to sell a smartphone at a market price of $105. (Note: If a person will not sell a smartphone at the market price, indicate this by leaving his or her rectangle in its original position on the palette.) ? 240 210 Sean Jacques 180 150 Kyoko 120 90 Musashi 60 C O PRICE (Dollars per smartphone)…