Figure 55 Figure 5

question 19

Multiple Choice

Figure 5.5 Figure 5.5 shows the market for apartments in Springfield.Recently, the government imposed a rent ceiling of $1000 per month.
-Refer to Figure 5.5.What is the value of the deadweight loss after the imposition of the ceiling?

• A)$50 000
• B)$125 000
• C)$175 000
• D)$260 000

---

Definitions:

Marginal Profit

Marginal profit is the increase in profit that results from selling an additional unit of a product or service.

Marginal Product

The additional output resulting from one more unit of a particular input, showing the contribution of that input to total production.

Marginal Product

The additional output resultant from increasing one unit of a specific input, holding all other inputs constant.

Marginal Profit

The increase in profit that results from selling one additional unit of a product or service.