An answer key will be available on Canvas on Monday afternoon, but my hope is that you will make an earnest effort to answer the questions before peeking at the answer key. 1. Given the following supply and demand relations: am wod could miss cool going adi Demand: wheat P = 180 - 1.5qd Supply: P = 40 + 3.5qs a. Solve for equilibrium price and quantity. b. Solve for consumer surplus. c. Solve for producer surplus. d. Solve for the firms' operating costs. e. Solve for the consumers' expenditure. f. Solve for the firms' operating profit. X boog. Solve for the total utility gained by consumers at the equilibrium quantity? h. What is the value of the expected marginal utility of the tenth unit consumed? 2. Complete the following table. Price Quantity demanded Total Utility 3 1 IN 2 0