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
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![QUESTION 17
25
20
15
10
LO
5
O
P
Country 1
s1
SP
O $37.125
O $50.5
O $55
IP
d1 EQ
0 3 6 9 1215182124
International market
P
17. What is the welfare loss to producers (decrease producer's surplus) resulting from trade in country 2?
O $3
O $27
S2
25
20
15-
10
5
D2
0
D1
0 3 6 9 1215182124 Q
S1
-IP
P
Country 2
s2
25
20
15
10-
5
0
0 3 6 9 1215182124Q
IP
d2](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8e732843-3ece-413e-a8e2-d1f399d44893%2F9d894d57-bc41-47b7-8dfc-783f222ad0a4%2Fyfu6h5d_processed.png&w=3840&q=75)
Transcribed Image Text:QUESTION 17
25
20
15
10
LO
5
O
P
Country 1
s1
SP
O $37.125
O $50.5
O $55
IP
d1 EQ
0 3 6 9 1215182124
International market
P
17. What is the welfare loss to producers (decrease producer's surplus) resulting from trade in country 2?
O $3
O $27
S2
25
20
15-
10
5
D2
0
D1
0 3 6 9 1215182124 Q
S1
-IP
P
Country 2
s2
25
20
15
10-
5
0
0 3 6 9 1215182124Q
IP
d2
![QUESTION 18
25
20
15
10
5
O
P
Country 1
d1
O 13.5
O 33.75
Fs1
IP
Q
0 3 6 9 1215182124
International market
S2
25
20
15
10
5
D2
0
D1
0 3 6 9 1215182124 Q
S1
IP
P
25
2015 10
5
Country 2
18. 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 3
O 6
09
s2
IP
d2
0
0 3 6 9 1215182124Q](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8e732843-3ece-413e-a8e2-d1f399d44893%2F9d894d57-bc41-47b7-8dfc-783f222ad0a4%2Fhlybad_processed.png&w=3840&q=75)
Transcribed Image Text:QUESTION 18
25
20
15
10
5
O
P
Country 1
d1
O 13.5
O 33.75
Fs1
IP
Q
0 3 6 9 1215182124
International market
S2
25
20
15
10
5
D2
0
D1
0 3 6 9 1215182124 Q
S1
IP
P
25
2015 10
5
Country 2
18. 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 3
O 6
09
s2
IP
d2
0
0 3 6 9 1215182124Q
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