The graph shows the market for ice cream cones. On the graph, draw a shape that shows the producer surplus at market equilibrium. Producer surplus equals $ Enter your answer in dollars and cents (i.e. round at the second decimal place). 6.00- 5.50- 5.00 4.50- 4.00- 3.50 3.00 2.50- 2.00 1.50- 1.00- 0.50 0.00- 0 Price (dollars per ice cream cone) S 5 D 30 10 15 20 25 Quantity (ice cream cones per day) 35 2

The graph shows the market for ice cream cones. On the graph, draw a shape that shows the producer surplus at market equilibrium. Producer surplus equals $ Enter your answer in dollars and cents (i.e. round at the second decimal place). 6.00- 5.50- 5.00 4.50- 4.00- 3.50 3.00 2.50- 2.00 1.50- 1.00- 0.50 0.00- 0 Price (dollars per ice cream cone) S 5 D 30 10 15 20 25 Quantity (ice cream cones per day) 35 2

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter7: Consumers, Producers, And The Efficiency Of Markets

Section7.2: Producer Surplus

Problem 2QQ

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