-Refer to the graph above.Maximizing total economic surplus occurs at a price equal to _________ per unit and an output equal to _________ units.
A) $5;7
B) $5;3.5
C) $19.30;7
D) $22.50;3.5
E) $33.50;3.5

Question

-Refer to the graph above.Maximizing total economic surplus occurs at a price equal to _________ per unit and an output equal to _________ units.
A) $5;7 
B) $5;3.5 
C) $19.30;7 
D) $22.50;3.5 
E) $33.50;3.5

Quizplus · Accepted Answer

Maximizing total economic surplus occurs where the supply and demand curves intersect, which is at a price of $5 per unit and an output of 7 units.

-Refer to the Graph Above