Introductory Microeconomics Econ 1110 Homework Assignment 5 Suggested Solution 1 (1)

Introductory Microeconomics ECON 1110 Homework Assignment #5 Suggested Solution 1. The following table lists the unit, marginal value in dollars (MV) and marginal cost in dollars (MC), for gasoline. A. What is the initial consumer and producer surplus?

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