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Economics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0073511498Economics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0073511498 Exercise 22
Use the market represented in Figure 5P-1 to draw the producer surplus when the market price is $5. What is the value of producer surplus at this price?
Explanation
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Figure:
Figure- 1, illustrate the marke...
Economics 1st Edition by Dean Karlan,Jonathan Morduch
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