If the supply function for a commodity is p = 4 + x and 12 units of goods are sold, then the producer's surplus is given by:
- A70
- ✓72
- C12
- D48
Answer: B.
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Answer: B.
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| Price P per kg (in) | Quantity (X) of Fish supplied (in kg) |
| 25 | 800 |
| 20 | 700 |
| 15 | 600 |
| 10 | 500 |
| 5 | 400 |
| Price P per kg (in) | Quantity (X) of Fish supplied (in kg) |
| 25 | 200 |
| 20 | 400 |
| 15 | 600 |
| 10 | 800 |
| 5 | 1000 |
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