Q3Suppose that the (unit) price is P=$7. How many units should be sold to maximize the seller'sgains from trade?9012345A. 1 unit.B. 2 units.C. 3 units.D. 4 units.O E. 5 units.C(q)$0$1$3$7$12$17

Given: Q C(q) 0 $0 1 $1 2 $3 3…

Suppose that the (unit) price is P=$7. How many units should be sold to maximize the seller's gains from trade? q 0 1 2 3 4 5 A. 1 unit. B. 2 units. C. 3 units. D. 4 units. E. 5 units. C(q) $0 $1 $3 $7 $12 $17

Suppose that the (unit) price is P=$7. How many units should be sold to maximize the seller's gains from trade? q 0 1 2 3 4 5 A. 1 unit. B. 2 units. C. 3 units. D. 4 units. E. 5 units. C(q) $0 $1 $3 $7 $12 $17

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Q3
Suppose that the (unit) price is P=$7. How many units should be sold to maximize the seller's
gains from trade?
9
0
1
2
3
4
5
A. 1 unit.
B. 2 units.
C. 3 units.
D. 4 units.
O E. 5 units.
C(q)
$0
$1
$3
$7
$12
$17

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