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The COVID-19 pandemic has triggered one of the worst jobs crises since the Great Depression. Peter lost his job and decides to sell his used car. The minimum amount he needs to be paid for the car is R50 000. He advertises the car on GUMTREE for R80 000, and eventually sells the car for R60 000. His producer surplus is equal to
_____. A. R10 000. B. R20 000. C. R30 000. D. R60 000.
The answer given on chegg is 5000 which is not even one of the 4 answers given that you need to choose from. How is it possible?
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