Question

​the exhibit given below shows the supply curve of printing machines. at a price of $400 per machine, the producer surplus is:

Answer 1

I believe this question has the following figure to go with (see attached pic).

Producer surplus is the difference in the amount the producers are receiving for a product and the baseline that they would really accept to keep or maintain a certain supply level. At a level of $400, the surplus is $200 as we can see at point 2.


Answer:

$200