can someone explain step by step 5. Figure: Allocating Goods Under Price Ceilings $20 A 14 13

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5. Figure: Allocating Goods Under Price Ceilings $20 A 14 13 B C 12 D ..... 6 E 120 150 180 Q Refer to the figure and answer the following questions: a. If the goods are allocated to only the highest-valued uses, find the total dollar amount of consumer surplus. b. If the goods are allocated randomly between the high-valued uses and the low-valued uses, then what is the average value of the good? c. If goods are allocated randomly, what is the total dollar amount of consumer surplus

Posted Date: Jun 21, 2024 07:06 PM

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can someone explain step by step 5. Figure: Allocating Goods Under Price Ceilings $20 A 14 13

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