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

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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