can someone explain it throughly?
the answer is cs: 1657.5
ps: 481.6695
dwl: 181.5
Homework Answers
B) Consumer surplus = Area A+B+C
Consumer surplus = Area of triangle A + Area of rectangle B+C
Area of triangle A = (1/2)*(20-11.5)(170) = 722.5
Area of B+C = (11.5-6) x (170) = 935
Consumer surplus = 722.5+935 = 1657.50
C) Producer surplus = Area of triangle D
Producer surplus = (1/2)*(6-0.3)*(170) = 481.9
D) Deadweight loss = Area of triangle E+F
Deadweight loss = (1/2)*(11.5-6)*(236-170)
Deadweight loss = 181.50
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can someone explain it throughly?
the answer is cs: 1657.5
ps: 481.6695
dwl: 181.5
with a...
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