6. Answer the following questions based on the graph below:Price$2824222018es1412108D440 507090 100 110 120 130 140 150QuantityO10 d. Is it efficient for producers to produce 110 units of the good and why?Explaine.f.What will happen to total surplus in the market if 110 units are produced?If other point different from the equilibrium is selected, explain what willhappen to the total surplus in the market and how to keep total surplusmaximized.

A equilibrium is the point where firm maximise the profit and produce efficient level of production…

for producers to to pro why? Explain f. e. What will happen to total surplus in the market if 110 units are produced? If other point different from the equilibrium is selected, explain what will happen to the total surplus in the market and how to keep total surplus maximized.

for producers to to pro why? Explain f. e. What will happen to total surplus in the market if 110 units are produced? If other point different from the equilibrium is selected, explain what will happen to the total surplus in the market and how to keep total surplus maximized.

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter5: Buying The Necessities

Section: Chapter Questions

Problem 20AA

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Question

d. Is it efficient for producers to produce 110 units of the good and why?
Explain
e.
f.
What will happen to total surplus in the market if 110 units are produced?
If other point different from the equilibrium is selected, explain what will
happen to the total surplus in the market and how to keep total surplus
maximized.

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