1. If 200 sandwiches a day are available, what is the total surplus?

1. (Parkin Chapter 5 Q16&18) The table gives the demand and supply schedules for sandwiches. a. What is the maximum price that Quantity Quantity consumers are willing to pay for Price demanded supplied the 200th sandwich? (dollars (sandwiches per hour) b. What is the minimum price that producers are willing to accept per sandwich) for the 200th sandwich? c. If 200 sandwiches a day are available, what is the total surplus? d. If the sandwich market is efficient, what is the consumer surplus, what is the producer surplus, and what is the total QUI A W NHO 300 O 250 50 200 100 150 150 100 200 50 250 0 surplus? 300 e. If the demand for sandwiches increases and sandwich makers produce the efficient quantity, what happens to producer surplus and deadweight loss