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Cuba Cuba
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8 years ago
Sammy has a drone that he values at $1,500. Frank values the same drone at $1,000. The government offers a subsidy of $800 to the buyers of drones, and Sammy and Frank agree on a price of $1,600. Producer surplus is ________ and consumer surplus is ________.
A) $100; $200
B) $700; $600
C) $200; $1,400
D) $300; $100
Textbook 
Economic Analysis of Social Issues

Economic Analysis of Social Issues


Edition: 1st
Author:
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IloveChiIloveChi
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Cuba Author
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#2
8 years ago
I have a major exam next week. Thank you for taking the time to answer. Problem solved.
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#3
8 years ago
Wasn't so hard, referencing the textbook helped.
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