Homework answers / question archive / Table: Pumpkin Market Quantity of Pumpkins Andy's willingness to pay Ben's willingness to pay Cindy's cost Diane's cost 1st pumpkin $12 $11 $ 3 $ 4 2nd pumpkin 10 9 5 6 3rd pumpkin 8 7 8 9 4th pumpkin 6 5 10 11 Reference: Ref 4-27 (Table: Pumpkin Market) There are two consumers, Andy and Ben, in the market for pumpkins

Table: Pumpkin Market Quantity of Pumpkins Andy's willingness to pay Ben's willingness to pay Cindy's cost Diane's cost 1st pumpkin $12 $11 $ 3 $ 4 2nd pumpkin 10 9 5 6 3rd pumpkin 8 7 8 9 4th pumpkin 6 5 10 11 Reference: Ref 4-27 (Table: Pumpkin Market) There are two consumers, Andy and Ben, in the market for pumpkins

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Table: Pumpkin Market

Reference: Ref 4-27

(Table: Pumpkin Market) There are two consumers, Andy and Ben, in the market for pumpkins. Their willingness to pay for each pumpkin is shown in the table Pumpkin Market. There are two producers of pumpkins, Cindy and Diane, and their costs are also shown. The equilibrium price for pumpkins is $8 and the equilibrium quantity is 5. At the equilibrium price and quantity, Diane sells _____ pumpkins, and her producer surplus is_____.