P 25 20 15 10 5- 0 COUNTRY 1 FS1 IP 03 d1 Q INTERNATIONAL MARKET 25 20 15 10 LO 5 P 25 20 S1 15 10 S2 FIP D2 0 0 3 6 9 1215182124Q LC P 5 D1 0- 691215182124 24. What is the net welfare gain from trade to the economy of country 1? (hint: the formula for calculating the area of a triangle is 1/2 times the base times the height) O(a) 3 O (b) 6 O (c) 9 O (d) 13.5 O (e) 18 COUNTRY 2 s2 FIP d2 0 3691215182124Q
P 25 20 15 10 5- 0 COUNTRY 1 FS1 IP 03 d1 Q INTERNATIONAL MARKET 25 20 15 10 LO 5 P 25 20 S1 15 10 S2 FIP D2 0 0 3 6 9 1215182124Q LC P 5 D1 0- 691215182124 24. What is the net welfare gain from trade to the economy of country 1? (hint: the formula for calculating the area of a triangle is 1/2 times the base times the height) O(a) 3 O (b) 6 O (c) 9 O (d) 13.5 O (e) 18 COUNTRY 2 s2 FIP d2 0 3691215182124Q
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
![P
25
20
15
10
5
O
COUNTRY 1
O (d) 13.5
O (e) 18
d1 Q
03 691215182124
INTERNATIONAL MARKET
25
20
s1 15
IP
10-
5
0
0 3 6 9 1215182124Q
P
S2
-IP
222
D2
P
25
S1 15
10
5
D1 0
20
24. What is the net welfare gain from trade to the economy country 1? (hint: the formula for calculating the area of a triangle is 1/2 times the base times the height)
O (a) 3
O (b) 6
O (c) 9
COUNTRY 2
s2
IP
d2
0 3 6 9 1215182124Q](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F98667a3b-04a1-4070-9e78-df323cc94aec%2Faaef7760-096e-4298-b9f7-60ad7bd67d2b%2Fzvt8w7q_processed.jpeg&w=3840&q=75)
Transcribed Image Text:P
25
20
15
10
5
O
COUNTRY 1
O (d) 13.5
O (e) 18
d1 Q
03 691215182124
INTERNATIONAL MARKET
25
20
s1 15
IP
10-
5
0
0 3 6 9 1215182124Q
P
S2
-IP
222
D2
P
25
S1 15
10
5
D1 0
20
24. What is the net welfare gain from trade to the economy country 1? (hint: the formula for calculating the area of a triangle is 1/2 times the base times the height)
O (a) 3
O (b) 6
O (c) 9
COUNTRY 2
s2
IP
d2
0 3 6 9 1215182124Q
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