882 283 222 2 100 PRICE 90 80 70 60 50 40 30 20 MR MC Q-30 and P-301 Q-45 and P-45 Q-60 and P-30 Q-30 and P-60 Demand 10 20 30 40 50 60 70 80 90 100 QUANTITY Refer to Figure 15-7. To maximize total surplus, a benevolent social planner would choose which of the following outcomes?

882 283 222 2 100 PRICE 90 80 70 60 50 40 30 20 MR MC Q-30 and P-301 Q-45 and P-45 Q-60 and P-30 Q-30 and P-60 Demand 10 20 30 40 50 60 70 80 90 100 QUANTITY Refer to Figure 15-7. To maximize total surplus, a benevolent social planner would choose which of the following outcomes?

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter3: Economic Decision Makers

Section: Chapter Questions

Problem 3.12P

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Question

Figure 15-7
882 283 222 2
00
100
PRICE
90
80
60
30
20
10
MR
MC
Q-30 and P-30
Q-45 and P-45
Q-60 and P=30
Q-30 and P = 60
Demand
10 20 30 40 50 60 70 80 90 100
QUANTITY
Refer to Figure 15-7. To maximize total surplus, a benevolent social planner would choose which of the
following outcomes?
Mindrap-Cengage Lea

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