2. Determine the amount of producer surplus generated in each of the following situations. David lists his talking Vin Scully Bobblehead on eBay. He sets a minimum acceptable price, known as his...

Extracted text: 2. Determine the amount of producer surplus generated in each of the following situations. David lists his talking Vin Scully Bobblehead on eBay. He sets a minimum acceptable price, known as his reserve price, of $75. After five days of bidding, the final high bid is exactly $75. b. Jade advertises her car for sale in the used-car section of the student newspaper for $2,000, but she is willing to sell the car for any price higher than $1,500. The best offer she gets is $1,200. c. Ryan likes his job so much as a Chief of Staff for Andrew Yang's Campaign that he would be willing to do it for free. However, his annual salary is $80,000. a.