Figure 4-5
-Refer to Figure 4-5. The figure above represents the market for pecans. Assume that this is a competitive market. If 4,000 pounds of pecans are sold
A) the deadweight loss is equal to $12,000.
B) consumer surplus equals zero.
C) the marginal benefit of each of the 4,000 pounds of pecans equals $3.
D) marginal benefit is equal to marginal cost.

Question

Figure 4-5 
-Refer to Figure 4-5. The figure above represents the market for pecans. Assume that this is a competitive market. If 4,000 pounds of pecans are sold
A) the deadweight loss is equal to $12,000. 
B) consumer surplus equals zero. 
C) the marginal benefit of each of the 4,000 pounds of pecans equals $3. 
D) marginal benefit is equal to marginal cost.

Quizplus · Accepted Answer

The Answer of Figure 4-5 
-Refer to Figure 4-5. The figure above represents the market for pecans. Assume that this is a competitive market. If 4,000 pounds of pecans are sold
A) the deadweight loss is equal to $12,000. 
B) consumer surplus equals zero. 
C) the marginal benefit of each of the 4,000 pounds of pecans equals $3. 
D) marginal benefit is equal to marginal cost.

Figure 4-5 -Refer to Figure 4-5. the Figure Above Represents the Market