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Hi, can someone help me with this please. Thanks. You have been hired as a market analyst. Your assignment is to provide analysis for the

Hi, can someone help me with this please. Thanks.

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You have been hired as a market analyst. Your assignment is to provide analysis for the gasoline market in the U.S. Based on your research you compile the following data regarding the individual daily supply schedules for Exxon-Mobil, BP, and Shell. (for this problem, assume that the supply schedules provide data points on a linear, continuous supply curve for each company}. Price Eaton-Mobil BP Shell (dollar: per gallon) Quantity Supplied Quantity Supplied Quantity Supplied million 3-: Ions million _allons million _allon.s $2.00 \"1- -Ei--E_ -E_ \"m-\" -EE- Use the above information to identify whether each of the following statements are true or false and briey explain your reasoning. A. If the current market price is $5.00 per gallon then collectively, these rms would produce a total of 750 million gallons per day. B. If the price increased from $2.00 per gallon to $3.00 per gallon then the increase in producer surplus would be the same for all three rms. C. If the market price is $2.50 per gallon then the marginal cost of the last gallon produced would be the same for each rm, however if the market price was $4.00 per gallon than the marginal cost of the last gallon produced would be higher for Shell than it would be for either Exxon-Mobil or BP. D. If the current market price is $2.50 per gallon then each rm would receive the exact same amount of total revenue

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