For the market represented in the graph above, if the government sets a price floor of $16 what is the maximum amount producers would pay in search costs? ( Leave off the dollar sign in your answer) 30 วธ 26 24 22 20 18 IC 14 12 10 8 с 4 c 5 10 15 20 25 30 35 40 45 50 55 60 65 70 75 80

For the market represented in the graph above, if the government sets a price floor of $16 what is the maximum amount producers would pay in search costs? ( Leave off the dollar sign in your answer) 30 วธ 26 24 22 20 18 IC 14 12 10 8 с 4 c 5 10 15 20 25 30 35 40 45 50 55 60 65 70 75 80

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

For the market represented in the graph
above, if the government sets a price floor
of $16 what is the maximum amount
producers would pay in search costs? (
Leave off the dollar sign in your answer)
I PLOTE F F 8 8 8 8 8 8
30
28
26
24
22
20
10
2
5 10 15 20 25 30 35 40 45 50 55 60 65 70 75 80

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