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 19:00
How does a low unemployment rate affect a nation's economy? a. the nation has a higher number of productive resources. b. the nation can spend more money on for unemployed people. c. the nation can save money by paying lower salaries to a large workforce. reset
Answers: 1
Mathematics, 21.06.2019 22:30
Using the figure below, select the two pairs of alternate interior angles.a: point 1 and point 4 b : point 2 and point 3 c: point 6 and point 6d: point 5 and point 7
Answers: 2
Assume the following values for the diagrams below: Q1 = 15 bags. Q2 = 10 bags. Q3 = 22 bags. The ma...
Mathematics, 05.04.2020 02:46
Mathematics, 05.04.2020 02:46
Mathematics, 05.04.2020 02:46
Mathematics, 05.04.2020 02:46
Physics, 05.04.2020 02:46
Chemistry, 05.04.2020 02:46
Mathematics, 05.04.2020 02:46
Mathematics, 05.04.2020 02:46
Mathematics, 05.04.2020 02:47
Mathematics, 05.04.2020 02:47
Medicine, 05.04.2020 02:47
Mathematics, 05.04.2020 02:47