onsider a free market with demand equal to Q = 800 − 10P and supply equal to Q = 10P. What is the value of consumer surplus? What is the value of producer surplus?
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Consider a free market with demand equal to Q = 800 − 10P and supply equal to Q = 10P.
- What is the value of
consumer surplus ? - What is the value of
producer surplus ?
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- What is the value of consumer surplus? What is the value of producer surplus?Assume the market depicted in the graph is in equilibrium. What is producer surplus? $30 $60 $50 $20Can you help me with this please? If there is a surplus of goods in the market would that still lead to a producer surplus? Producer surplus being defined as the amount a seller is paid for a good minus the sellers cost of providing it. 
- Don't use pen or paper Suppose market demand and supply are characterized by the following equations: p = 12 - 0.4 Qd p = 2 + 0.4 Qs When the market clears, what is the economic surplus? (Round your answer to one decimal place.)Suppose the market supply curve is p = 6Q. What is the producer surplus at a price of 15?Suppose the market supply curve is p = 5Q. What is the producer surplus at a price of 11? Your Answer:
- Refer to the Figure below. Suppose the market price of a laptop is $600, and 3,000 laptops are sold at this price. What is the producer surplus?In a market, the consumer surplus is 800,000 units and the producer surplus is 100,000. Which of the following statement is true? Group of answer choices The market is efficient since marginal benefit is equal to marginal cost. The market is inefficient since consumer surplus is greater than producer surplus and marginal benefit is equal to marginal cost. The market is efficient since consumer gain more than the producer. The market is inefficient since consumer surplus is greater than producer surplus.Which of the following is not a true statement about producer surplus? Select the correct answer below: Producer surplus is the benefit producers receive for selling goods in a market. On a graph, producer surplus is the area between the market price and the segment of the supply curve below the equilibrium. Producer surplus is the same as consumer surplus. Producer surplus is the difference between the amount that suppliers in the market are willing to supply goods for and the amount they actually receive for those goods.
