f + g + j f + g + h + i + j f + g i + h + g + f The following figure shows the intersection of demand and supply at the price P2 and quantity Q2 in a competitive market. What is the producer surplus at the equilibrium level of output? (Points : 2) f + g + j f + g + h + i + j f + g i + h + g + f Solution VU Q = A K? L1 .

1. f + g + j
f + g + h + i + j
f + g
i + h + g + f
The following figure shows the intersection of demand and supply at the price P2 and quantity
Q2 in a competitive market. What is the producer surplus at the equilibrium level of output?
(Points : 2)
The following figure shows the intersection of demand and supply at the price P2 and quantity
Q2 in a competitive market. What is the producer surplus at the equilibrium level of output?
(Points : 2) f + g + j f + g + h + i + j f + g i + h + g + f
Solution
VU Q = A K? L1