Suppose that a firm faces a demand curve for its product of . The firm has a constantmarginal cost of $4 per unit. If the firm engages in first-degree price discrimination, how muchproducer surplus will it capture?A) $21.B) $18.C) $9.D) $4.5010 dP Q

Suppose a monopolist faces a per period demand curve having the form: P = 11 – 0.005Q. Her total cost function is given by: TC = 0.5Q. This monopolist is able to practice second degree price discrimination, by selling off batches of her product along the demand curve. She chooses two prices: $9 per unit and $5 per unit. What is the consumer surplus in each period? Group of answer choicesConsumer Surplus = $4,000.Consumer Surplus = $2,400.Consumer Surplus = $1,600.Consumer Surplus = $2,800.Consumer Surplus = $2,000.

Consumer surplus in a market for a product would be equal to ________ if the market price was zero.Group of answer choiceszerothe area between the supply curve and the demand curvethe area above the supply curvethe area under the demand curve

If demand is given by qd = 20 – P and supply is given by qs = P, then producer surplus is: a. 50 b. 100 c. 30 d. 20

Tim is a coffee producer. The total cost of producing different quantities of coffee is given in the table below: Coffee Total cost ($)0 0.001 1.002 2.503 5.004 8.005 12.006 17.007 23.50In a competitive market where the price of coffee is $4, what is the value of Tim's producer surplus?Group of answer choices5.58122028.5More information is needed to answer this question.None of the answers in this list are correct

Consider a vitamin supplement that is supplied by many different firms. The demand curve is D =16 − 3p and the supply curve is S = −4 + 2p. (a) Find the competitive equilibrium. (b) Compute the consumer surplus and producer surplus. (c) Scientists discover that a vegetable is rich in this vitamin and the vegetable is not expensive at all. As a result, the demand curve shifts to D = 14−4p. The supply curve remains the same. Find the competitive equilibrium after the scientific discovery. (d)Compute the consumer surplus and producer surplus after the scientific discovery. (e) After making the calculation that you just made, Consultant Bob finds that the social surplus decreases after the scientific discovery. Therefore, he concludes that the discovery creates a deadweight loss and is detrimental to the society. Evaluate this argument. (Limited to 200 words.)