Question
am i right?
Assume that Carol cleans Dawn's house weekly for $80. Dawn would be willing to pay as much as $100 weekly to have his house cleaned. Carol’s opportunity cost is $70.
If Carol cleans Dawn's house, the producer surplus is
1. $80.
2. $70.
3. $100.
4. $10.
5. None of the answers is correct.
Answer 5. Am i right? so confused
Assume that Carol cleans Dawn's house weekly for $80. Dawn would be willing to pay as much as $100 weekly to have his house cleaned. Carol’s opportunity cost is $70.
If Carol cleans Dawn's house, the producer surplus is
1. $80.
2. $70.
3. $100.
4. $10.
5. None of the answers is correct.
Answer 5. Am i right? so confused