question archive Suppose a firm faces inverse demand curve P=100-0
Suppose a firm faces inverse demand curve P=100-0
Subject:EconomicsPrice: Bought3
Suppose a firm faces inverse demand curve P=100-0.5Q. Marginal cost is constant at $10. Suppose the firm is using block pricing selling the first 30 units at $85 per unit, the next 30 units at $70 per unit, and the next 15 units at $62.5 per unit. What is producer surplus in this case?
