Suppose the monopolist were forced to produce and price at competitive equilibrium. 14. What would be the increase or decrease of the consumer surplus? 1) R8 [2] R16 [3] R32 [4] R48 45. What would be the increase or decrease of the producer surplus? [1] R8 [2] R10 [3] R14 [4) R32 46. What would be the social gain or loss? 1] R8 [2] R10 (3] R16 [4] R32

Suppose the monopolist were forced to produce and price at competitive equilibrium. 14. What would be the increase or decrease of the consumer surplus? 1) R8 [2] R16 [3] R32 [4] R48 45. What would be the increase or decrease of the producer surplus? [1] R8 [2] R10 [3] R14 [4) R32 46. What would be the social gain or loss? 1] R8 [2] R10 (3] R16 [4] R32

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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