NotAStudentxD NotAStudentxD

22-09-2022
Mathematics

Answered

PLEASE HELP!!!!!! 100 POINTS!!!!!!!!!!!!!!!!!!!!!!!!!!!!! DUE IN 3 HOURS!!!!!!!!!!

Calculate (1) the total benefit, (2) the total expenditures, and (3) the total consumer surplus for a consumer demand curve that has a price-intercept equal to $100/unit, an equilibrium market price equal to $50/unit, and an equilibrium market quantity equal to 5000 units. (*Must show your work to receive credit)

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