Producer surplus for this group of workers

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Reference no: EM132281166

In a small town, the market price for a day worth of yard work is $85. If Artie would be willing to do the work for as little as $75, Belinda would do it for as little as $78, Corazon would do so for as little as $81, and Darius would only do yard work for $88, what is the producer surplus for this group of workers on a given day when everyone who wants to work does so? Explain how the number was obtained.

 

Reference no: EM132281166

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