Figure 9-2 ​

question 130

Multiple Choice

Figure 9-2 ​
-Refer to Figure 9-2. The increase in total surplus resulting from trade is

• A)$7,680, since consumer surplus increases by $9,216 and producer surplus falls by $1,536.
• B)$3,840, since consumer surplus increases by $10,560 and producer surplus falls by $6,720.
• C)$23,280, since consumer surplus increases by $30,264 and producer surplus falls by $6,984.
• D)$1,920, since consumer surplus increases by $2,496 and producer surplus falls by $576.

---

Definitions:

Group Effort

The combined effort and collaboration of members working together towards a common goal within a group or team.

Managerial Task

Managerial task refers to the specific duties, responsibilities, and activities that managers are required to perform as part of the management process, including planning, organizing, leading, and controlling.

Contingency

A future event or circumstance that is possible but cannot be predicted with certainty.

Operative Goal

A specific, detailed target that an organization aims to achieve, often related to its day-to-day operations.