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A Firm Faces the Demand for Its Product P=1000.5QP = 100 - 0.5 Q

Question 54

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A firm faces the demand for its product, P=1000.5QP = 100 - 0.5 Q ,as shown in the figure below.It produces under conditions of constant costs in the long run,and LMC = LAC = $12 per unit.  A firm faces the demand for its product,  P = 100 - 0.5 Q  ,as shown in the figure below.It produces under conditions of constant costs in the long run,and LMC = LAC = $12 per unit.   Under uniform pricing,consumers enjoy $______ of consumer surplus. A) $1,872 B) $1,936 C) $2,474 D) $2,500 Under uniform pricing,consumers enjoy $______ of consumer surplus.


A) $1,872
B) $1,936
C) $2,474
D) $2,500

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