6. Figure: Random Allocation Under Price Ceilings A $34 B 30 с 24 D 20 Price Celling 17 1200 1500 1800 Refer to the figure. The government enacted a price ceiling of $6 per unit. Calculate the following: a. If the goods are allocated randomly between the high-valued uses and the low-valued uses, what is the tot amount of consumer surplus in dollars? b. What is the lost amount of consumer surplus when goods are allocated randomly, when compared to a situation in which the goods are allocated only to the highest-valued uses? E

6. Figure: Random Allocation Under Price Ceilings A $34 B 30 с 24 D 20 Price Celling 17 1200 1500 1800 Refer to the figure. The government enacted a price ceiling of $6 per unit. Calculate the following: a. If the goods are allocated randomly between the high-valued uses and the low-valued uses, what is the tot amount of consumer surplus in dollars? b. What is the lost amount of consumer surplus when goods are allocated randomly, when compared to a situation in which the goods are allocated only to the highest-valued uses? E

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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FC VC TC MC AFC AVC ATC 1. 160 65 3 10 20 55 4 28
Find the attached file.
TR = 40 Q - 3Q^2 fixed lost = 30$ and each unit costs 10$ find maximum profit that can be obtained?