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41. Demand in the market for cheese is given by Qd = 304 - 7.5P and supply is given by Qs = 2P. Q is
41. Demand in the market for cheese is given by Qd = 304 - 7.5P and supply is given by Qs = 2P. Q is kg/day of cheese. The dairy association imposes a quota of 50 kg of cheese per day. What is the quota rent? a. $3.87 C. $25.00 b. $7.13 d. $8.87
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