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Use the figure below to answer the following questions. Price D Quantity Figure 5 27) Refer to Figure 5. If the price is Po, then the value of the last unit consumed is A) P1. B) equal to area A + B + C. C) 0. D) PO. E) P1-PO
75) The profit maximizing price for the monopolist is A) pl. B)p4. Cp5. D) po. E)p7.
28) Refer to Figure 5. If the price rises from Po to P1, the change in consumer surplus is A) A. B) B plus C. C) A plus B plus C. D) D plus E. E) A plus B plus plus D plus E.
