Reffonomics Video -- Individual Producer Surplus

After watching the video, scroll down to take the three multiple choice questions.





1. If all the firms listed are the entire market, what would be the total producer surplus?

A) $27
B) $17
C) $10
D) $7
E) Cannot be determined.



2. If Reff Co. and Jackson Co. are the only firms in the market, how much total revenue will the suppliers receive?

A) $27
B) $17
C) $12
D) $7
E) Cannot be determined.



3. If all the firms listed are the entire market, what would be the total revenue of these five?

A) $40
B) $30
C) $12
D) $7
E) Cannot be determined.