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Can you please help me with my AP Microeconomics assignment? Thank you Maximizing Total Welfare to Society Be sure to show all work. 1. Using

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Can you please help me with my AP Microeconomics assignment? Thank you

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Maximizing Total Welfare to Society Be sure to show all work. 1. Using the graph below, calculate the consumer and producer surplus at the competitive equilibrium. Price $100 S $40 D Quantity 0 100 200 a. Consumer Surplus = b. Producer Surplus = c. Total Net Benefit = 2. At a price of $40, consumers will buy 3 bouquets of flowers and suppliers will sell 3 bouquets for Valentine's day. Price Suppliers Bouquet of Flowers Price Consumers are are Willing to Willing to Pay Accept $20 1 s $55 $25 and $50 $40 3 rd $40 $50 4th $25 $55 5 th $20 a. What is the consumer surplus for the 1st bouquet of flowers? b. What is the consumer surplus for the 2nd bouquet of flowers? c. What is the total consumer surplus for all 3 bouquets of flowers? d. What is the producer surplus for the 1st bouquet of flowers? e. What is the producer surplus for the 2nd bouquet of flowers? f. What is the total producer surplus for all 3 bouquets of flowers? g. What is the total net benefit at 3 bouquets?3. Use the following information about the market for tacos to draw the market demand and supply curves on the graph below. Label the curves D and S. Show any work. Quantity DemandedPrice per Taco Quantity Supplied 100 $1.00 0 75 $2.00 25 50 $3.00 50 25 $4.00 75 0 $5.00 100 Market for Tacos 10 8 6 8 E 4 2 .- 0 O 10 20 30 40 50 60 70 BO 90 100 Quantity 0n the graph, identify the equilibrium price and quantity using PG and 0,. Identify the consumer surplus on the graph. Identify the producer surplus on the graph. a. Suppose the government institutes an effective price control at a price of $2.00 per taco. Is this a price oor or price ceiling? b. Will the market experience a surplus or a shortage? What is the value of the surplus or shortage? Show the surplus or shortage on the graph. G. What is the new value of consumer surplus? Did consumer surplus increase or decrease? By how much? d. What is the new value of producer surplus? Did producer surplus increase or decrease? By how much? 6. What is the value of deadweight loss to society due to the price control? Label the area of DWL on the graph. E Suppose the government institutes an effective price control at a price of $4.00 per taco. Is this a price floor or price ceiling? g. Will the market experience a surplus or a shortage? What is the value of the surplus or shortage? Show the surplus or shortage on the graph

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