Firm Faces the Demand for Its Product, ,As Shown

question 20

Multiple Choice

firm faces the demand for its product, ,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

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Definitions:

Blindsight

A phenomenon in which individuals with certain types of brain damage can respond to visual stimuli without consciously perceiving them.

The Cocktail Party Effect

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