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Question 8 1 pts Consider the figure below. P $40 12+0.50 536 635.333 $32 $12 40-,10 40 46.566 At the monopoly price, what is Consumers
Question 8 1 pts Consider the figure below. P $40 12+0.50 536 635.333 $32 $12 40-,10 40 46.566 At the monopoly price, what is Consumers Surplus (recall the area of a triangle is .5*base"height)? $50 $108.888 O $400 O none of the available options Referring to the figure the previous question, what is the dead weight loss due to monopoly pricing? O $13.333 O $3.111 O $0 O none of the available options Referring again to the monopoly figure above, by how much does price exceed marginal cost? O $4. 10.666 O $24 O none of the available options
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