Business, 06.10.2019 05:00 galaxyworld36

Advanced analysis assume the following values for the figures below: q1 = 20 bags. q2 = 15 bags. q3 = 27 bags. the market equilibrium price is $45 per bag. in figure (a), the price at point a is $85 per bag. the price at point c is $5 per bag. the price at point d is $55 per bag, and the price at point e is $35 per bag. in figure (b), the price at point f is $59 per bag. the price at point g is $31 per bag. values for points a, b, and c are the same as in figure (a). apply the formula for the area of a triangle (area = ½ × base × height) to answer the following questions. a. what is the dollar value of the total surplus (producer surplus plus consumer surplus) when the allocatively efficient output level q1 is being produced? $ . how large is the dollar value of the consumer surplus at the output level q1? $ . b. what is the dollar value of the deadweight loss when output level q2 is being produced? $ . what is the total surplus when output level q2 is being produced? $ . c. what is the dollar value of the deadweight loss when output level q3 is produced? $ . what is the dollar value of the total surplus when output level q3 is produced? $

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Advanced analysis assume the following values for the figures below: q1 = 20 bags. q2 = 15 bags. q3...

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