The table gives the demand and supply schedules for sandwiches. Quantity demanded (sandwiches per hour) Quantity...

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The table gives the demand and supply schedules for sandwiches. Quantity demanded (sandwiches per hour) Quantity supplied Price (dollars per sandwich) 300 1 50 100 250 200 3 4 150 150 100 200 50 250 6 300 a. What is the maximum price that consumers are willing to pay for the 200th sandwich? b. What is the minimum price that producers are willing to accept for the 200th sandwich? C. Are 200 sandwiches a day less than or greater than the efficient quantity? d. If sandwich makers produce 200 a day, what is the deadweight loss? e. If the sandwich market is efficient, what is the consumer surplus, what is the producer surplus, and what is the total surplus? f. If the demand for sandwiches increases and sandwich makers produce the efficient quantity, what happens to producer surplus and dead weight loss? The table gives the demand and supply schedules for sandwiches. Quantity demanded (sandwiches per hour) Quantity supplied Price (dollars per sandwich) 300 1 50 100 250 200 3 4 150 150 100 200 50 250 6 300 a. What is the maximum price that consumers are willing to pay for the 200th sandwich? b. What is the minimum price that producers are willing to accept for the 200th sandwich? C. Are 200 sandwiches a day less than or greater than the efficient quantity? d. If sandwich makers produce 200 a day, what is the deadweight loss? e. If the sandwich market is efficient, what is the consumer surplus, what is the producer surplus, and what is the total surplus? f. If the demand for sandwiches increases and sandwich makers produce the efficient quantity, what happens to producer surplus and dead weight loss?

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a The interest plan shows the most extreme value the shoppers will pay for different amounts For 200... View the full answer