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# Anita sharpens knives in her spare time for extra income. Buyers of her service are willing to pay \$3.50 per knife for as many knives as Anita is...

Anita sharpens knives in her spare time for extra income. Buyers of her service are willing to pay \$3.50 per knife for as many knives as Anita is willing to sharpen. On a particular day, she is willing to sharpen the first knife for \$2.00, the second knife for \$2.50, the third knife for \$3.00, and the fourth knife for \$3.50. Assume Anita is rational in deciding how many knives to sharpen. Her producer surplus is
a. \$3.50.
b. \$3.00.
c. \$2.00.
d. \$0.50.

Anita sharpens knives in her spare time for extra income. Buyers of her service are
willing to pay \$3.50 per knife for as many knives as Anita is willing to sharpen. On a
particular day, she is...

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