When the allocatively efficent output level is produced

Reference no: EM13241895

Assume the following values,Q1=20 bags, Q2= 15 bags, Q3= 27 bags. The market equilibrium price is $45 per bag. The price as a is $85 per bag. The price at c is $5 per bag. The price at f is $59 per bag. The price at g is $31 per bag. Apply the formula for the area of a triangle (Area= 1/2 x Base x Height ). What is the dollar value of the total surplus ( producer surplus plus consumer surplus) when the allocatively efficent output level is produced based on the consumer surplus at the output level?

Reference no: EM13241895

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