Cost Benefit

The demand for bags of cement is given lav Qd= 1500 -1iJP. The marginal cost of producing cement is constant at $20 per bag. However, a tax of $5 per bag exists. A government project requires the purchase of 150 bags of cement. 1. a} What is the impact of the project on consumer surplus in the market for cement? 2. b} What is the impact of the project on producer surplus in the market for cement? 3. c} What is the social opportunitv cost of the 150 bags of cement purchased for the project? Explain using a diagram