Mathematics, 08.02.2022 04:50 whitakers87
Assume the following values for the diagrams below: Q1 = 15 bags. Q2 = 10 bags. Q3 = 22 bags. The market equilibrium price is $25 per bag. The price at point a is $70 per bag. The price at point c is $10 per bag. The price at point d is $40 per bag. The price at point e is $20 per bag. The price at point f is $32 per bag. The price at point g is $4 per bag. Apply the formula for the area of a triangle (Area = ½ × Base × Height) to answer the following questions.
a. What is the dollar value of the total surplus (= producer surplus + consumer surplus) when the allocatively efficient output level is produced?
What is the dollar value of the consumer surplus at that output level?
b. What is the dollar value of the deadweight loss when output level Q2 is produced?
What is the total surplus when output level Q2 is produced?
c. What is the dollar value of the deadweight loss when output level Q3 is produced?
What is the dollar value of the total surplus when output level Q3 is produced?
Answers: 2
Mathematics, 21.06.2019 20:30
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L|| m if m? 1=125 and m? 7=50 then m? 5= 5 55 75 105 next question ask for turn it in © 2014 glynlyon, inc. all rights reserved. terms of use
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Mathematics, 22.06.2019 01:30
At store a, erasers are sold individually. the cost y of x erasers is represented by the equation y=0.75x. the costs of erasers at store b are shown in the graph.
Answers: 2
Assume the following values for the diagrams below: Q1 = 15 bags. Q2 = 10 bags. Q3 = 22 bags. The ma...
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