Suppose That the Demand for a Product Produced and Sold

Multiple Choice

Suppose that the demand for a product produced and sold by a single U.S. firm in the U.S. market is Q_USUS = 10 !2P_US, where output is in million of units. If the marginal cost of production is $2 per unit, the value of consumer surplus in the U.S. market is:

A) $2.25 million.
B) $5.50 million.
C) $9.75 million.
D) $10.5 million.
E) None of the above.