Answer to Question #70302 in Microeconomics for Mac
13. Consider a perfectly competitive market described by the supply function P = 20 + 0.3Q and demand function P = 120 - 0.2Q. The total economic surplus (consumer surplus + producer surplus) generated by the good when the market is in equilibrium is: A. $4,000 B. $6,000 C. $8,000 D. $10,000 E. $16,000 F. $20,000
I just wanted to say thank you guys so much for helping me get through my statistics class. Any area in math has never been my strong field and thanks to you guys I was still able to pass my course.
thanks to you and all the people on your team that helped in me passing my course. :-)