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Unanswered l attempt left Producer Surplus Homework Unanswered Consider a competitive firm with the following total cost func
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Answer #1

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the firm produces at MC=P
MC=dTC/dq=8q
MC=8q
8q=16
q=2

producer surplus is the area below the price and above MC
PS=0.5*P*q
=0.5*16*2
==$16

the producer surplus is $16

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