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Please help question 13 The table presents the weekly demand and supply schedules for lawnmowers. Market for Lawnmowers Quantity of Quantity of Price Lawnmowers Lawnmowers

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Please help question 13

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The table presents the weekly demand and supply schedules for lawnmowers. Market for Lawnmowers Quantity of Quantity of Price Lawnmowers Lawnmowers dollars) Demanded Supplied $500 75 120 450 80 110 400 85 100 350 90 90 300 95 80 250 100 70 Suppose 100 lawnmowers are supplied to the market. Is this level of production allocationy efficient? This quantity is allocationy efficient because it will require producers to reduce the price of lawnmowers in order to sell all of the lawnmowers produced. This quantity is allocationy inefficient because the marginal cost of producing the last lawnmower exceeds its marginal benefit to consumers. This quantity is allocationy efficient because the last lawnmower provides more benefits to consumers than alternative uses of the resources required to produce it. This quantity is allocationy inefficient because the marginal cost of producing the last lawnmower is less than its marginal benefit to consumers

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