The figure provided represents the domestic market for calculators. Price of calculators $45 40 30 20...
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The figure provided represents the domestic market for calculators. Price of calculators $45 40 30 20 10 100 200 300 400 500 600 700 800 900 Quantity of calculators After trade, at a world price of $10, the total surplus is $ 6,000 8,850 10,925 12,750 The figure provided represents the domestic market for calculators. Price of calculators $45 40 30 20 10 100 200 300 400 500 600 700 800 900 Quantity of calculators After trade, at a world price of $10, the total surplus is $ 6,000 8,850 10,925 12,750
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ANSWER The total surplus after trade at a world price of 10 is 12750 EXPLANATION At the world price of 10 the quantity demanded domestically is 900 un... View the full answer
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Project Management A Systems Approach to Planning Scheduling and Controlling
ISBN: 978-0470278703
10th Edition
Authors: Harold Kerzner
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