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ADVANCED ANALYSIS Assume the following values for Figures 5.4a and 5. Q1 = 20 bags. Q2 = 15 bags. Q3 = 27 bags. The market equilibrium price is $45...
Hello, I forgot to add A,B,&C to this question. Please see attached doc. Thank you so much.A. What is the dollar value of the total surplus (producer surplus plus comsumer surplus) when the allocatively efficeinet output level is being produced? How large is teh dollar value of the consumer surplus at that output level?B. What is the dollar value of the deadweight loss when output level Q2 is produced? What is the total surplus when output level Q2 is being produced?C. What is the dollar value of the deadweight loss when output level Q3 is produced? What is the dollar value of the total surplus when output level Q3 is produced."
