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MrGrimey MrGrimey
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7 years ago
Mister Jones was selling his house. The asking price was $220,000, and Jones decided he would take no less than $200,000. After some negotiation, Mister Smith purchased the house for $205,000. Jones' producer surplus is
A) $5,000.
B) $15,000.
C) $20,000.
D) Not able to be calculated from the information given.
Textbook 
Microeconomics: Theory and Applications with Calculus

Microeconomics: Theory and Applications with Calculus


Edition: 4th
Author:
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SaHiN22SaHiN22
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7 years ago
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MrGrimey Author
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7 years ago
Thank you, thank you, thank you!
TheMoffattMan
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Thanks for your help!!
noodlelicker
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2 hours ago
You make an excellent tutor!
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