The above table represents the marginal benefit schedule, measured in dollars, for Sheryl, and and the marginal cost, measured in dollars, of a single firm in the market for cinnamon rolls. Suppose the market price is $9 per cinnamon roll. Answer the following questions with whole numbers only. a. How much consumer surplus does Sheryl receive when she buys the first cinnamon roll? $ ___ b. How much producer surplus does the firm receive when it sells its first cinnamon roll? $ ___ c. On how many cinnamon rolls would Sheryl receive a positive amount of consumer surplus? ___
| Q | MB | MC |
|---|---|---|
| 1 | 30 | 3 |
| 2 | 27 | 5 |
| 3 | 23 | 8 |
| 4 | 18 | 12 |
| 5 | 12 | 17 |
| 6 | 5 | 23 |
The above table represents the marginal benefit schedule, measured in dollars, for Sheryl, and and the marginal cost, measured in dollars, of a single firm in the market for cinnamon rolls. Suppose the market price is $9 per cinnamon roll. Answer the following questions with whole numbers only.
a. How much
b. How much
c. On how many cinnamon rolls would Sheryl receive a positive amount of consumer surplus? ___
d. On how many cinnamon rolls would the firm receive a positive amount of producer surplus? ___
e. What is the total amount of producer surplus the firm receives if it sells 2 cinnamon rolls? $ ___
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