8. The graph shows the supply curve of sleeping bags and the market price of a sleeping bag. Draw a point to show the minimum supply price of the 30th sleeping bag. Label it 1. Draw a point to show the marginal cost of the 60th sleeping bag. Label it 2. Draw an arrow to show the producer surplus on the 60th sleeping bag. 120.00- 100.00 80.00- 60.00 40.00- The producer surplus on the 60th sleeping bag is $ 20.00- Price (dollars per sleeping bag) 0.00+ 0 30 60 لہ 2 90 Market price 120 150 Quantity (sleeping bags per day) >>> Draw only the objects specified in the question. Supp =
8. The graph shows the supply curve of sleeping bags and the market price of a sleeping bag. Draw a point to show the minimum supply price of the 30th sleeping bag. Label it 1. Draw a point to show the marginal cost of the 60th sleeping bag. Label it 2. Draw an arrow to show the producer surplus on the 60th sleeping bag. 120.00- 100.00 80.00- 60.00 40.00- The producer surplus on the 60th sleeping bag is $ 20.00- Price (dollars per sleeping bag) 0.00+ 0 30 60 لہ 2 90 Market price 120 150 Quantity (sleeping bags per day) >>> Draw only the objects specified in the question. Supp =
Chapter5: Markets In Motion And Price Controls
Section: Chapter Questions
Problem 1P
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