(Figure: Allocating Goods under Price Ceilings) Refer to the figure. Using the information provided in the graph, answer the following questions: a. If the goods were allocated only to those users who had the highest value uses, find the total dollar amount of consumer surplus. b. If the goods are allocated randomly between the high-value uses and the low-value uses, then what is the average value of the good? c. If goods are allocated randomly, what is the total dollar amount of consumer surplus?

Question

(Figure: Allocating Goods under Price Ceilings) Refer to the figure. Using the information provided in the graph, answer the following questions:  a. If the goods were allocated only to those users who had the highest value uses, find the total dollar amount of consumer surplus. b. If the goods are allocated randomly between the high-value uses and the low-value uses, then what is the average value of the good? c. If goods are allocated randomly, what is the total dollar amount of consumer surplus?

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The Answer of (Figure: Allocating Goods under Price Ceilings) Refer to the figure. Using the information provided in the graph, answer the following questions:  a. If the goods were allocated only to those users who had the highest value uses, find the total dollar amount of consumer surplus. b. If the goods are allocated randomly between the high-value uses and the low-value uses, then what is the average value of the good? c. If goods are allocated randomly, what is the total dollar amount of consumer surplus?

(Figure: Allocating Goods Under Price Ceilings) Refer to the Figure