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2 18 points c. Draw the consumer surplus and the producer surplus if the price is $10. At this price, consumer surplus is $ surplus is $ 10, and total surplus is $ 60. 50. producer Instructions: Use the tools provided to draw the consumer surplus (CS) and producer surplus (PS). Click on the graph to place the surplus. Drag and drop points to resize or move. Price ($) 50 eBook 45 References 40 35- 30- 25- 20 15 10 5 D 0+ 0 1 2 3 4 5 6 7 8 9 10 Quantity reset PS CS

2 18 points c. Draw the consumer surplus and the producer surplus if the price is $10. At this price, consumer surplus is $ surplus is $ 10, and total surplus is $ 60. 50. producer Instructions: Use the tools provided to draw the consumer surplus (CS) and producer surplus (PS). Click on the graph to place the surplus. Drag and drop points to resize or move. Price ($) 50 eBook 45 References 40 35- 30- 25- 20 15 10 5 D 0+ 0 1 2 3 4 5 6 7 8 9 10 Quantity reset PS CS

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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2 18 points c. Draw the consumer surplus and the producer surplus if the price is $10. At this price, consumer surplus is $ surplus is $ 10, and total surplus is $ 60. 50. producer Instructions: Use the tools provided to draw the consumer surplus (CS) and producer surplus (PS). Click on the graph to place the surplus. Drag and drop points to resize or move. Price ($) 50 eBook 45 References 40 35- 30- 25- 20 15 10 5 D 0+ 0 1 2 3 4 5 6 7 8 9 10 Quantity reset PS CS
Transcribed Image Text:2 18 points c. Draw the consumer surplus and the producer surplus if the price is $10. At this price, consumer surplus is $ surplus is $ 10, and total surplus is $ 60. 50. producer Instructions: Use the tools provided to draw the consumer surplus (CS) and producer surplus (PS). Click on the graph to place the surplus. Drag and drop points to resize or move. Price ($) 50 eBook 45 References 40 35- 30- 25- 20 15 10 5 D 0+ 0 1 2 3 4 5 6 7 8 9 10 Quantity reset PS CS
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