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In the short run, if a firm operates, it earns a profit of $500. The fixed costs of the firm are $100. This firm has a producer surplus of

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In the short run, if a firm operates, it earns a profit of $500. The fixed costs of the firm are $100. This firm has a producer surplus of
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Solution 1

In the short run, the producer surplus of the firm can be calculated by subtracting the fixed costs from the profit.

Step 1: Identify the profit and fixed costs. In this case, the profit is 500andthefixedcostsare500 and the fixed costs are 100.

Step 2: Subtract the fixed costs from the profit to calculate the produc Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.

Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
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