+ e © 96%= PM Fri 19 MarA elearn.squ.edu.omAAO Homework 2 (chapter 5) (page 7 o...n LANC1071_Spring21: Mid-Semest..O ECON1211_a.naz1_Spring21: Hom.JE-LEARNING SYSTEM (ACADEMIC)rinciples of Microeconomics - Spring21uestionyetweredrked out ofS- MSC-25Flagestion2015105D- MSB24.Quantity (thousands of gloves per day)In the above figure, when the efficient quantity of gloves is produced, the total consumer surplus isSelect one:$3,000.Ob.$15,000.O c.$22,500.O d. $45,000.Price (dollars per pair of gloves)

Consumer surplus is the measurement of consumer benefits, Consumer surplus occurs when The Market…

30 S- MSC 25 20 15 10 D= MSB 5 Quantity (thousands of gloves per day) In the above figure, when the efficient quantity of gloves is produced, the total consumer surplus is Select one: O a. $3,000. O b. $15,000. O . $22,500. O d. $45,000. Price (dollars per pair of gloves)

30 S- MSC 25 20 15 10 D= MSB 5 Quantity (thousands of gloves per day) In the above figure, when the efficient quantity of gloves is produced, the total consumer surplus is Select one: O a. $3,000. O b. $15,000. O . $22,500. O d. $45,000. Price (dollars per pair of gloves)

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

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Chapter1: Making Economics Decisions

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Question

100%

+ e © 96%
= PM Fri 19 Mar
A elearn.squ.edu.om
AA
O Homework 2 (chapter 5) (page 7 o...
n LANC1071_Spring21: Mid-Semest..
O ECON1211_a.naz1_Spring21: Hom.
JE-LEARNING SYSTEM (ACADEMIC)
rinciples of Microeconomics - Spring21
uestion
yet
wered
rked out of
S- MSC
-25
Flag
estion
20
15
10
5
D- MSB
2
4.
Quantity (thousands of gloves per day)
In the above figure, when the efficient quantity of gloves is produced, the total consumer surplus is
Select one:
$3,000.
Ob.
$15,000.
O c.
$22,500.
O d. $45,000.
Price (dollars per pair of gloves)

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