17. [ Assume quantities must be integers. Refer to the table below. If the govern- ment implements an $6 price floor, what is the largest possible consumer surplus? Q1 2 $20 $15 MC $1 $3 A. $6 B) $29 C. $33 D. $45 E. None of the above. MWTP 3 $12 $5 4 5 6 7 $10 $8 $4 $6 $7 $9 $11 $13

17. [ Assume quantities must be integers. Refer to the table below. If the govern- ment implements an $6 price floor, what is the largest possible consumer surplus? Q1 2 $20 $15 MC $1 $3 A. $6 B) $29 C. $33 D. $45 E. None of the above. MWTP 3 $12 $5 4 5 6 7 $10 $8 $4 $6 $7 $9 $11 $13

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

17. [ Assume quantities must be integers. Refer to the table below. If the govern-
ment implements an $6 price floor, what is the largest possible consumer surplus?
2
Q 1
$20 $15
MWTP
A. $6
(B) $29
C. $33
D. $45
E. None of the above.
MC $1
3
4
5 6
7
$4
$12 ($10 $8 $6
$3 $5 $7 $9 $11 $13

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