art A, B, C (see graph pic)    A)what is the dollar value of the total surplus producer surplus plus consumer surplus when the efficient output level Q1 when is being produced? how large is the dollar value of the consumer surplus at Q1? B) What is the dollar value of the deadweight loss when level Q2 is being produced?what is the total surplus one output level Q2 is being produced? C) what is the dollar value of the deadweight loss went output level Q3 is produced?  what is the dollar value of the total surplus when output level Q3 is produced?

a) answer question attached  b) After opening up trade Consumer surplus will: (increase, decrease, stay the same), Producer Surplus will: (increase, decrease, stay the same).  Total Surplus will:  (increase, decrease, stay the same).  c) Did opening up to trade create deadweight loss (DWL)? (yes or no)

11. For a particular product the Demand and Supply functions are D(x) = 20 -0.05x and S(x) = 2 +0.002x² Sketch the graphs and using your calculator determine the equilibrium quantity and price. On the graph shade the consumers' and producers' surplus regions. Find the producers' and consumers' surplus. 26 22 20 18 16+ 14 124 10 8 10 30

PRICE 5. Market efficiency and market failure The following graph shows equilibrium in a free market, with equilibrium quantity of Qu- QUANTITY Supply Demand (?) For any level of output equal to Q, a buyer values a unit of goods in this market the unit will cost a saler Suppose now that an individual firm that produces goods in this market has the power to influence market price, leading to an outcome different from the free market equilibrium illustrated in the previous graph. This is an example of ▼ due to

Answer this microeconomics question and draw it out for me to help me understand

1. Suppose the market demand is described as P = 15 - Qd: , while the market supply function is: P = 3 + Qs/11. Suppose the current market is at equilibrium. What is the producer surplus? (Hint: You need to calculate market equilibrium price and equilibrium quantity.) 11 8 6. 5.5 What is the total surplus? 44 60.5 66 72.5

(a) Find the point (A, B, C, D, or E) that corresponds to the profit maximizing price and quantity. (Select only one letter.) (b) Which number corresponds to consumer surplus on the graph? (c) Which number corresponds to producer surplus on the graph? (d) Which number corresponds to deadweight loss on the graph?

8. Consumer and Producer Surplus Suppose Charles is the only seller in the market for bottled water and Yakov is the only buyer. The following lists show the value Yakov places on a bottle of water and the cost Charles incurs to produce each bottle of water: Yakov's Value Value of first bottle: $7 Value of second bottle: $5 Value of third bottle: $3 Value of fourth bottle: $1 Charles's Costs Cost of first bottle: $1 Cost of second bottle: $3 Cost of third bottle: $5 Cost of fourth bottle: $7 The following table shows their respective supply and demand schedules: Price Quantity Demanded Quantity Supplied $1 or less 4 о $1 to $3 3 1 $3 to $5 2 2 $5 to $7 1 3 More than $7 0 4 Use Charles's supply schedule and Yakov's demand schedule to find the quantity supplied and quantity demanded at prices of $2, $4, and $6. Enter these values in the following table. Price Quantity Demanded Quantity Supplied 2 4 A price of brings supply and demand into equilibrium. At the equilibrium price, consumer…

Solve part d and e

1.) Based on this figure, please answer a, b and c -do not forget to include in your analysis the calculations of changes in price and quantity A.) According to this graph, how much is the consumer surplus (when the price of equilibrium is $5)? B.) According to this graph, how much is the producer surplus (when the price of equilibrium is $5)? C.) Based on your answer for a) and b), how much is the total surplus for the economy?