1. At the equilibrium price, consumer surplus is a. $480 b. $640 c. $1,120 d. $1

Question

1. At the equilibrium price, consumer surplus is a. $480 b. $640 c. $1,120 d. $1,280 2. At the equilibrium price, producer surplus is a. $480 b. $640 c. $1,120 d. $1,280 3. At the equilibrium price, total surplus is a. $480 b. $640 c. $1,120 d. $1,280 4. The efficient price is a. $22, and the efficient quantity is 40 b. $22, and the efficient quantity is 110 c. $16, and the efficient quantity is 80 d. $8, and the efficient quantity is 40 5. If 110 units of the good are being bought and sold,then a. the cost to sellers is equal to the value to buyers. b. the value to buyers is greater than the cost tosellers. c. the cost to sellers is greater than the value tobuyers. d. producer surplus is greater than consumer surplus. 1. At the equilibrium price, consumer surplus is a. dollar480 b. dollar640 c. dollar1,120 d. dollar1,280 2. At the equilibrium price, producer surplus is a. dollar480 b. dollar640 c. dollar1,120 d. dollar1,280 3. At the equilibrium price, total surplus is a. dollar480 b. dollar640 c. dollar1,120 d. dollar1,280 4. The efficient price is a. dollar22, and the efficient quantity is 40 b. dollar22, and the efficient quantity is 110 c. dollar16, and the efficient quantity is 80 d. dollar8, and the efficient quantity is 40 5. If 110 units of the good are being bought and sold,then a. the cost to sellers is equal to the value to buyers. b. the value to buyers is greater than the cost tosellers. c. the cost to sellers is greater than the value tobuyers. d. producer surplus is greater than consumer surplus.

Explanation / Answer

A,B,C,B,C

Related Questions

Navigate

• Browse (All)
• Browse 1
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.