Sally sharpens lawn equipment blades in her spare time for extra income. buyers of her service are willing to pay $2.50 per blade for as many blades as sally is willing to sharpen. on a particular day, she is willing to sharpen the first blade for $1.75, the second blade for $2.25, the third blade for $2.75, and the fourth blade for $3.25. assume sally is rational in deciding how many blades to sharpen. her producer surplus is

Match each definition in column 1 with a vocabulary word from column 2." some of the entries in column 2 do not apply costs which do not change with the level of output costs which change with the level of output the change in total costs resulting from an increase in output by one unit function showing the quantities of a particular good demanded at a range of price when the quantity supplied of a good is greater than the quantity demanded when the quantity demanded for a particular good is greater than the quantity supplied the price and quantity determined in a market when the supply equals the demand when revenue exceeds costs when costs exceeds revenue output where revenue = costs