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Figure 9-7

Question 148

Multiple Choice

Figure 9-7. The figure applies to the nation of Wales and the good is cheese. Figure 9-7. The figure applies to the nation of Wales and the good is cheese. -Refer to Figure 9-7. Which of the following is a valid equation for Welsh producer surplus with trade? A) Producer surplus with trade = (1/2) P0Q0. B) Producer surplus with trade = (1/2) P1Q1. C) Producer surplus with trade = (1/2) P1Q2. D) None of the above is correct.
-Refer to Figure 9-7. Which of the following is a valid equation for Welsh producer surplus with trade?


A) Producer surplus with trade = (1/2) P0Q0.
B) Producer surplus with trade = (1/2) P1Q1.
C) Producer surplus with trade = (1/2) P1Q2.
D) None of the above is correct.

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