assume the following values for the diagrams below Q1= 20 bags. Q2=.pdf
assume the following values for the diagrams below: Q1= 20 bags. Q2= 15 bags. Q3 = 27 bags. the market equilibrium price is $45 per bag. The price at point a is $85 per bag. The price at point c is $5 per bag. The price at point d is $55 per bag. The price at point e is $35 per bag. The price at point f is $59 per bag. The price at point g is $31 per bag. Apply the formula for the area of a triangle (area= 1/2 * base * height) to answer the following questions. Price (per bag) Instructions: Round your answers to two decimal places. 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? $.
assume the following values for the diagrams below Q1= 20 bags. Q2=.pdf
assume the following values for the diagrams below: Q1= 20 bags. Q2= 15 bags. Q3 = 27 bags. the market equilibrium price is $45 per bag. The price at point a is $85 per bag. The price at point c is $5 per bag. The price at point d is $55 per bag. The price at point e is $35 per bag. The price at point f is $59 per bag. The price at point g is $31 per bag. Apply the formula for the area of a triangle (area= 1/2 * base * height) to answer the following questions. Price (per bag) Instructions: Round your answers to two decimal places. 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? $.
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assume the following values for the diagrams below Q1= 20 bags. Q2=.pdf
- 1. assume the following values for the diagrams below: Q1= 20 bags. Q2= 15 bags. Q3 = 27 bags. the market equilibrium price is $45 per bag. The price at point a is $85 per bag. The price at point c is $5 per bag. The price at point d is $55 per bag. The price at point e is $35 per bag. The price at point f is $59 per bag. The price at point g is $31 per bag. Apply the formula for the area of a triangle (area= 1/2 * base * height) to answer the following questions. Price (per bag) Instructions: Round your answers to two decimal places. 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? $