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1) Use the graph to answer the question that follows. (3 points) S=MSC=MPC Price ($) P, MSB D=MPB Quantity Q The graph above shows a

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Use the graph to answer the question that follows. (3 points) S=MSC=MPC Price ($) P, MSB D=MPB Quantity Q The graph above shows a externality producing than the socially optimal output. O Positive; Q3 - Q2 less Positive; Q3 - Q2 more Negative; Q2 more Negative; Q2 + Q4 more O Negative; Q3 - Q2 lessUse the graph to answer the queson that follows. (3 points) 360 5-40 what is the producersr total revenue after the tax in this market? cumin: Use the graph to answer the queson that follows. (3 points) 360 540 mm\" what is the value of the producer surplus after the tax in this market? Use the graph to answer the question that follows. (3 points) 100 80 60 Percentage of Income 40 2020 2015 20 2010 0 20 40 60 80 100 Percentage of Households In 2010, of the households earned of the income in this economy. O 20 percent; 40 percent O 40 percent; 10 percent 40 percent; 20 percent O 40 percent; 80 percent 80 percent; 60 percentUse the graph to answer the question that follows. (3 points) Price ($) T $600 $400 - X D 15,000 20,000 Quantity Assume that the market shown is perfectly competitive with no externalities. If the production output is 15,000 units, then O the market is allocationy efficient O there is a shortage of the good O deadweight loss is being minimized O deadweight loss is being maximized O consumer and producer surplus are maximizedUse the graph to answer the question that follows. {3 points} 35 What is the market equilibn'um quantity and pn'oe at which there is no government regulation? 0 15, $12.50 0 20, $15 0 30, $25 0 35, $22.50 0 Indeterminate

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