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__(table: turkeys) examine the table turkeys. trader tom is a monopolist that sells fried turkeys for thanksgiving 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, what price will he charge for each turkey? $30 $20 $15 $5

Respuesta :

meerkat18

Marginal revenue and marginal cost is equal to the quantity of 3 units and the price of $ 20. When the price is $ 20, consumers A, B, and C are buyers.

Total producer surplus =  Quantity sold x Price – Marginal cost = 3 x (20 – 10) = 30.

Therefore, total producer surplus is $30.00

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