Exhibit 7-13 Refer to Exhibit 7-13.After the implementation of the deficiency payment program,the total welfare is the area:

Name: Exhibit 7-13 Refer to Exhibit 7-13.After the implementation of the deficiency payment program,the total welfare is the area:
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Question

Exhibit 7-13  Refer to Exhibit 7-13.After the implementation of the deficiency payment program,the total welfare is the area:

Quizplus · Accepted Answer

The total welfare after the implementation of the deficiency payment program is the sum of areas a, b, c, and d minus the area f, which represents the cost of the program. Therefore, the correct answer is D.