QUESTION 22 COUNTRY 1 P 25 20 15 10 5 d1 EQ 0 0 3 6 9 1215182124 s1 SOP IP INTERNATIONAL MARKET P 25- 20- 15 10 5 0- 0 3 6 9 1215182124Q S2 S1 IP 2250 D2 P 15 10 5 D1 0 COUNTRY 2 IP 22. 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) a) 3 O b) 6 O c) 9 O d) 13.5 Oe) 18 d2 0 3 6 9 1215182124Q

QUESTION 22 COUNTRY 1 P 25 20 15 10 5 d1 EQ 0 0 3 6 9 1215182124 s1 SOP IP INTERNATIONAL MARKET P 25- 20- 15 10 5 0- 0 3 6 9 1215182124Q S2 S1 IP 2250 D2 P 15 10 5 D1 0 COUNTRY 2 IP 22. 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) a) 3 O b) 6 O c) 9 O d) 13.5 Oe) 18 d2 0 3 6 9 1215182124Q

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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