Alice, Amber, and Andi make and sell pottery. Alice is willing to sell a 5 inch pot for $20 , Amber is willing to sell a 5 inch pot for $22 , and Andi is willing to sell a 5 inch pot for $46 . If each of the ladies is able to sell one 5 inch pot for $50 , what is their combined producer surplus

$62

Explanation:

Producer surplus is the difference between the price of a good and the least price the seller is willing to sell the product

Producer surplus = price least price the seller is willing to accept

Producer surplus :

For Alice = $50 - $20 = $30

For Amber = $50 - $22 = $28

For Andi = $50 - $46 = $4

Total producer surplus = $30 + $28 + $4 = $62

hi : ) i found this so i hope this !

"we first find value of tax in dollars.

the difference between the two prices   is: 23. 54 - 22 = 1.54

therefore the sales tax in dollars is 1.54

the tax % will be   (amount of tax / original cost price ) × 100

(1.54 / 22) × 100  → (0.07) × 100 =   7

so the tax rate is 7%

we can double check the answer.

7 % of 22   → (7/100) × 22 → 0.07 × 22 = 1.54

22 + 1.54 = 23.54"

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