Producer surplus-single-price monopolist to maximize profits

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Examine the table Turkeys. Trader Tom is a monopolist that sells fried turkeys for Thanks giving dinner for a constant marginal and average cost of $10 per turkey. Assume that Tom has no fixed cost. Tom has 6 potential customers, each of which will buy at most one turkey if the price is just equal to or lower than their willingness to pay, which is shown in the table. If Tom acts as a single-price monopolist to maximize profits, how much is producer surplus?

Potential Buyers Willingness to Pay

Allen $30

Bess $25

Cal $25

Dean $15

Ed $10

Fred $5

Reference no: EM131094540

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