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The following graph shows the market monthly demand for electricity in SLO. PG&E is the sole provider of electricity in SLO. Please use the information
The following graph shows the market monthly demand for electricity in SLO. PG&E is the sole provider of electricity in SLO. Please use the information and answer questions 53-57. P (US cents/kWh) 18.1625 S=MC 15.575 13.85 12.9875 MR Demand 11.69375 30 50 60 Q (million KWh)55. The deadweight loss generated by the profit-maximization with a single price is at. $0.776 million I). $0.259 million c. $0 d. $0.518 million 56. At the profit-maximizing electricity rate, the consumer surplus is at. $0.776 million I). $1.078 million c. $0.539 million d. $0.388 million 57. At the profit-maximizing electricity rate, the producer surplus is at. $4.673 million I). $0.539 million c. $0.970 million d. $0.194 million
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