Answered: b d a= 22 b= 15 C 5 d= 158 Refer to the…

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b d a= 22 b= 15 C 5 d= 158 Refer to the market above. Total surplus in this market = P.

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

b.
a = 22
b= 15
C= 5
d = 158
Refer to the market above. Total surplus in this market =
948

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