Homework Answers
Total surplus=Consumer's surplus(yellow area)+Producer's surplus (Blue area)+revenue
CS=Area of yellow triangle
Base=BC=40
Height=AC=5.5-3.5=2
CS=(40*2)/2
CS=40
PS=Area of green triangle
Base=DE=40
Height=DF=2-1=1
PS=(40*1)/2
PS=20
Revenue=CD*DE
Revenue=1.5*40=60
Total surplus=40+20+60=120
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