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Author Question: The diagram below shows supply, demand, and quantity exchanged of Monday matinee movie tickets. ... (Read 98 times)

kmoyer2

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on: Oct 12, 2022

Question 1

The diagram below shows supply, demand, and quantity exchanged of Monday matinee movie tickets. Assume it is a perfectly competitive market.



FIGURE 12-4

Refer to Figure 12-4. What is the value of the producer surplus generated in this market at the free-market equilibrium?


◦ $10
◦ $0
◦ $125
◦ $250
◦ $5

Question 2

The diagram below shows supply, demand, and quantity exchanged of Monday matinee movie tickets. Assume it is a perfectly competitive market.



FIGURE 12-4

Refer to Figure 12-4. What is the total economic surplus generated in this market at the allocatively efficient level of output?


◦ $500
◦ $250
◦ $125
◦ $5
◦ $10
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by kmoyer2 on Oct 12, 2022

Burly

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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kmoyer2

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Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

AmberC1996

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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