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Suppose five construction companies have the ability to build a factory overseas to produce a manufactured good. The marginal cost of building a factory for each construction company is shown in the table? below:
Producer
Marginal Cost
Company 1
?$1,000,000
Company 2
?$1,250,000
Company 3
?$1,300,000
Company 4
?$1,350,000
Company 5
?$1,500,000
If the market price of an overseas factory is ?$1 comma 375 comma 0001,375,000?,
what is the surplus for these five? companies?
Producer surplus is ?$nothing.
?(Enter your response as a whole? number.)
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