Price $14 S 9 8 6 4 D 2 4 5 6 8 Quantity If the world price is $10, the producer surplus is 3 6 18 36
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Total revenue is calculated by multiplying the price by the quantity. Total revenue = Price * Quantity Total revenue = $10 * (14 + 86 + 2 + 45.6 + 8) Total revenue = $10 * 155.6 Total revenue = $1556 Show more…
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