ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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a) Given, the total surplus in the market is 1680 pounds. You know that the consumer surplus in the market is 1192 pounds. What is the producer surplus in the market?

b) Given, the market price is 15 pounds. Assuming an equal distribution of Tax burden, after a tax regulation of 20 pounds, what would be the price per unit sold received by the sellers?

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