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) 3 6 9 13.5 33.75 25 2NN P Country 1 25 International market P 20 20 15 s1 225 15 S1 15 Country 2 99 S2 P s2 25 20 25 10 -IP 10 -IP 10 10 -IP 5 5 LO 5 D2 d1EQ d2 0 D1 0 0 3 6 9 1215182124 Q 0 369 1215182124 Q 0 369 1215182124 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) ○ 3 ○ 6 ○ 9 O 13.5 33.75

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) 3 6 9 13.5 33.75 25 2NN P Country 1 25 International market P 20 20 15 s1 225 15 S1 15 Country 2 99 S2 P s2 25 20 25 10 -IP 10 -IP 10 10 -IP 5 5 LO 5 D2 d1EQ d2 0 D1 0 0 3 6 9 1215182124 Q 0 369 1215182124 Q 0 369 1215182124 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) ○ 3 ○ 6 ○ 9 O 13.5 33.75

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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