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Author Question: In a perfectly competitive market the long-run demand and supply curves are Q = 12 - P and Q = 5P ... (Read 150 times)

ereecah

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on: Jul 1, 2018
In a perfectly competitive market the long-run demand and supply curves are Q = 12 - P and Q = 5P respectively. Producer surplus in this market equals
 
  A) 0.
  B) 5.
  C) 10.
  D) It cannot be determined without more information.

Question 2

Suppose the market supply curve is p = 5Q. At a price of 10, producer surplus equals
 
  A) 50.
  B) 25.
  C) 12.50.
  D) 10.
Microeconomics ¦ Perloff ¦ 8th Edition
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Carissamariew

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Reply #1 on: Jul 1, 2018
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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ereecah

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Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

covalentbond

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

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