If the price is set to P1, what area represents the producer surplus in the graph shown above? D B + C + D C + D + F B + C + D + G B + C + D + E + F

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A:

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A: *Answer:

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A: *Answer:

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A: A Machine costs ₱80,000 estimated life of 10 years salvage value of ₱5,000 i=9%

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A: A competitive firm is a price taker as there are large number of firms selling identical goods