Country 1 International market Country 2 s2 P. 25 S2 25 25 20 20 20 15 15 S1 15 rs1 EIP IP EIP 10 10 10 5 D2 D1 0 3 6 9 1215182124 . d2 d1 Q 0 3 69 1215182124 0 3 6 9 1215182124Q 16. What is the welfare gain to producers (increase in producer's surplus) resulting from trade in country 1? O (a) $3 (b) $27 O (c) $31.5 O (d) $40.5 O (e) $45

Country 1 International market Country 2 s2 P. 25 S2 25 25 20 20 20 15 15 S1 15 rs1 EIP IP EIP 10 10 10 5 D2 D1 0 3 6 9 1215182124 . d2 d1 Q 0 3 69 1215182124 0 3 6 9 1215182124Q 16. What is the welfare gain to producers (increase in producer's surplus) resulting from trade in country 1? O (a) $3 (b) $27 O (c) $31.5 O (d) $40.5 O (e) $45

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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