CS= 13. The graph shows the market for paper. Price (dollars per ton) 20.00 Draw a shape that represents the consumer surplus from paper. Label it CS. 18.00- Draw a shape that represents the producer surplus from paper. 16.00- Label it PS. 14.00- CS Consumer surplus from paper equals $ and the R 12.00- producer surplus from paper equals $ 10.00- The market for paper is efficient because 8.00- S 6.00 6.00- OA. at the market equilibrium marginal benefit equals marginal c B. the market is producing the maximum possible quantity give OC. consumer surplus is greater than producer surplus D. consumer surplus is greater than zero 4.00 УРБ 2.00- 0.00 0 10 20 30 40 D 50 60 -0 Quantity (tons per day) 80 >>> Draw only the objects specified in the que
CS= 13. The graph shows the market for paper. Price (dollars per ton) 20.00 Draw a shape that represents the consumer surplus from paper. Label it CS. 18.00- Draw a shape that represents the producer surplus from paper. 16.00- Label it PS. 14.00- CS Consumer surplus from paper equals $ and the R 12.00- producer surplus from paper equals $ 10.00- The market for paper is efficient because 8.00- S 6.00 6.00- OA. at the market equilibrium marginal benefit equals marginal c B. the market is producing the maximum possible quantity give OC. consumer surplus is greater than producer surplus D. consumer surplus is greater than zero 4.00 УРБ 2.00- 0.00 0 10 20 30 40 D 50 60 -0 Quantity (tons per day) 80 >>> Draw only the objects specified in the que
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:CS=
13.
The graph shows the market for paper.
Price (dollars per ton)
20.00
Draw a shape that represents the consumer surplus from paper.
Label it CS.
18.00-
Draw a shape that represents the producer surplus from paper.
16.00-
Label it PS.
14.00-
CS
Consumer surplus from paper equals $
and the
R
12.00-
producer surplus from paper equals $
10.00-
The market for paper is efficient because
8.00-
S
6.00
6.00-
OA. at the market equilibrium marginal benefit equals marginal c
B. the market is producing the maximum possible quantity give
OC. consumer surplus is greater than producer surplus
D. consumer surplus is greater than zero
4.00
УРБ
2.00-
0.00
0
10
20
30
40
D
50
60
-0
Quantity (tons per day)
80
>>> Draw only the objects specified in the que
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