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The Havana Lounge and Chez Lin's both sell manicures. The market price of one manicure is $25. The Havana Lounge is willing to sell a manicure for $17, Chez Lin's is willing to sell a manicure for $19. What is

the total producer surplus for the two salons assuming each sells one manicure?

User JeeShen Lee
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2 Answers

19 votes
19 votes

Answer: -11

Step-by-step explanation:

The Havana Lounge and Chez Lin's both sell manicures. The market price of one manicure is $25. The Havana Lounge is willing to sell a manicure for $17, Chez Lin's is willing to sell a manicure for $19. its subtraction because its saying The Havana Lounge is willing to sell a manicure, "sell" means to subtract. you start off with $25-$17= $12-19= -11. So your answer will be -11.

User Kmoe
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Answer:

The Havana Lounge is willing to sell a manicure for $17; Chez Lin's is ... What is the total producer surplus for the two salons assuming each sells on

Step-by-step explanation:

User Vectorizer
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