Producer Surplus and Profit

1

1

2

3

4

5

6

7

8

9

$10

2

3

4

5

6

7

8

9

10

Price and Cost

Quantity Produced

Total Cost of Producing 7 Units

MC

Equilibrium Price

Profit-Maximizing Output

$3

$3

$3

$2

$1

$3

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