Help please 3 The graph shows the market for paper.The government passes a new law that requires producers to sell 100tons of paper a day.wwwThis market for paper isOA. inefficient; the marginal cost of the 100th ton of paper is greaterthan the marginal benefit from the 100th ton of paperOC.OD.becauseB. inefficient; the marginal benefit from the 100th ton of paper isgreater than the marginal cost of the 100th ton of paperefficient; production is greater than zeroefficient; the marginal cost of the 100th ton of paper equals themarginal benefit from the 100th ton of paperO E. inefficient; more paper could be producedDraw the deadweight loss when production is 100 tons of paper a day.Label it DWL.Selected:none4 to sell 100per is greaterperof paper ispaperper equals thes of paper a day.020.00-18.00-16.0014.00-12.00-10.00-8.00-6.00+4.002.00Price (dollars per ton)0.00AUSAHUR0FISI1027Hiil6.0020HAYD406080 100 120 140Quantity (tons per day)>>> Draw only the objects specified in the question.Delete ClearALTE MAREN1817SNextESOX5 USSE

Marginal benefits are the maximum amount a shopper will pay for an extra good or service.

Answered: The graph shows the market for paper.…

The graph shows the market for paper. The government passes a new law that requires producers to sell 100 tons of paper a day.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter8: Perfect Competition

Section: Chapter Questions

Problem 6SCQ: A firms marginal cost curve above the average variable cost curve is equal to the films individual...

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Question

Help please 3

The graph shows the market for paper.
The government passes a new law that requires producers to sell 100
tons of paper a day.
www
This market for paper is
OA. inefficient; the marginal cost of the 100th ton of paper is greater
than the marginal benefit from the 100th ton of paper
OC.
OD.
because
B. inefficient; the marginal benefit from the 100th ton of paper is
greater than the marginal cost of the 100th ton of paper
efficient; production is greater than zero
efficient; the marginal cost of the 100th ton of paper equals the
marginal benefit from the 100th ton of paper
O E. inefficient; more paper could be produced
Draw the deadweight loss when production is 100 tons of paper a day.
Label it DWL.
Selected:
none
4

to sell 100
per is greater
per
of paper is
paper
per equals the
s of paper a day.
0
20.00-
18.00-
16.00
14.00-
12.00-
10.00-
8.00-
6.00+
4.00
2.00
Price (dollars per ton)
0.00
AU
SAHUR
0
FISI
1027
Hiil
6.00
20
HAY
D
40
60
80 100 120 140
Quantity (tons per day)
>>> Draw only the objects specified in the question.
Delete Clear
ALTE MAREN
1817
S
Next
ES
O
X
5 US
SE

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