Compute total producer surplus

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Reference no: EM132293012

Consider a market with 15 supplies who are owners of Airbnb rooms, each of whom can rent out one room. The distribution of seller costs (or prices below which the owner wont offer rooms) for these suppliers is as follows. If the price for a rental in the area is $95.00 per unit, how may rooms will be available for rent? Explain. Compute total producer surplus

Seller Cost Number of Sellers

$50 2 _____

$70 3 _____

$90 1 _____

$100 7 _____

$120 2 _____

Reference no: EM132293012

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