QUESTION 1725201510LO5OPCountry 1s1SPO $37.125O $50.5O $55IPd1 EQ0 3 6 9 1215182124International marketP17. What is the welfare loss to producers (decrease producer's surplus) resulting from trade in country 2?O $3O $27S2252015-105D20D10 3 6 9 1215182124 QS1-IPPCountry 2s225201510-500 3 6 9 1215182124QIPd2 QUESTION 18252015105OPCountry 1d1O 13.5O 33.75Fs1IPQ0 3 6 9 1215182124International marketS2252015105D20D10 3 6 9 1215182124 QS1IPP252015 105Country 218. What is the net welfare gain from trade to the economies of both countries together? (hint: the formula for calculating the area of a triangle is 1/2 times the base times the height)O 3O 609s2IPd200 3 6 9 1215182124Q

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P Country 1 25 20 15 10 5 0 d1 0 3 6 9 1215182124 s1 IP International market P 25- 20 15- S2 17. What is the welfare loss to producers (decrease in producer's surplus) resulting from trade in country 2? O $3 O $27 O $37.125 O $50.5 O $55 S1 IP 10 5 D2 0 D1 0 3 6 9 1215182124 Q P Country 2 s2 25 20 15 10 5 0 0 3 6 9 1215182124Q IP d2

P Country 1 25 20 15 10 5 0 d1 0 3 6 9 1215182124 s1 IP International market P 25- 20 15- S2 17. What is the welfare loss to producers (decrease in producer's surplus) resulting from trade in country 2? O $3 O $27 O $37.125 O $50.5 O $55 S1 IP 10 5 D2 0 D1 0 3 6 9 1215182124 Q P Country 2 s2 25 20 15 10 5 0 0 3 6 9 1215182124Q IP d2

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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