The minimum acceptable price for a product that producer sam is willing to receive is $15. the price he could get for the product in the market is $18. how much is sam’s producer surplus? rev: 05_10_2018 multiple choice $3 $33 $45 $270

$3

Explanation:

Producer surplus is the difference between the minimum acceptable price a producer is willing to receive for his product and the price he sells the product.

Producer surplus = $18 - $15 = $3

I hope my answer helps you

I think the correct term to fill in the blank would be extrinsic. In other words, Dylan was looking for an extrinsic reward. It is a type of reward that is visible and tangible. It is physically given to someone for doing something. Usually it is in the form which has a monetary value like bonus, gold medal or salary increase. Example would be a medal. Receiving a medal when you won first place in a sport.. The extrinsic reward would be the medal. The opposite of this is called the intrinsic reward wherein it involves is internal motivation or internal satisfaction.