Homework 10 2 C Fo Advanced Analysis Assume The Following Values For The Diagrams Below 25 Bags Q 20 Bags 0 32 Bags 1 (23.39 KiB) Viewed 12 times
Homework 10 2 C Fo Advanced Analysis Assume The Following Values For The Diagrams Below 25 Bags Q 20 Bags 0 32 Bags 2 (21.84 KiB) Viewed 12 times
Homework 10 2 C fo ADVANCED ANALYSIS Assume the following values for the diagrams below: -25 bags Q₂-20 bags 0-32 bags. The market equilibrium price is $60 per bag. The price at point a is $10 per beg. The price at point cis $10 per bag. The price at point is $70 per bag. The price at point eis $50 per bag. The price at point fis $74 per bag. The price at point gis $46 per bag. Apply the formula for the area of a triangle (Area Base Height to answer the following questions. Price (per bag ciency from underproda Quantity (tags) Round your answers to two decimal places Price (per bag Ta What is the dollar value of the consumer surplus at that output level? Eye Help Quantity (bag) Instructions: a What is the dolar value of the total surplus producer surplus+consumer surplus when the allocatively efficient output is produced? Save & Ext Subve
s Book References Mc Graw fuum Quantity (bags) Instructions: Round your answers to two decimal places. Quantity (bags) 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? 671 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? cWhat 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? < Prev 2 of 24 Next >
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