1) The following equation provides the market demand for a good in the small country of Ruritania, where P is the price (per unit of good) in dollars and Q is the quantity (in units) of good: Market Demand: Q = 80 - 2xP The good is produced and sold in Ruritania by a single firm. The following function provides the total cost, C, incurred (in dollars) by the firm when it produces Q units of the good: C(Q) =[10Q], for Q 0. Since the firm is a monopolist in the Ruritanian market, it can unilaterally set the uniform price for the good. If the firm sets a price, P < $40 (per unit of good), then which one of the following statements is correct? (a) Aggregate Producer Surplus = [P - 10]x[40 - P] dollars, Aggregate Consumer Surplus =0.5x[80 - 2P]x[80 - P] dollars (b) Aggregate Producer Surplus = [P - 20 x[80 - 2P] dollars, Aggregate Consumer Surplus =0.5x[80 - 2P]x[40 - P] dollars (c) Aggregate Producer Surplus = [P - 10]x[80 - 2P] dollars, Aggregate Consumer Surplus =0.5x[40 - P]x[40 - 2P] dollars (d) Aggregate Surplus obtained by all agents = [P - 10]x[40 - P]