(Solved): QUESTION 29 1. The attached diagram gives demand, upply and equilibrium in a market. Given the eq ...

QUESTION 29 1. The attached diagram gives demand, ?upply and equilibrium in a market. Given the equilibrium price and equilibrium quantity, which of the following represent the value of Producer Surplus (PS) in this market? 1. The attached table gives information on prices of two goods, income of the consumer, and the information about the consumer utility for the two goods Hamburgers \( (\mathrm{h}) \) and Coke \( (\mathrm{c}) \) along with their prices of hamburger is \( \$ 4 \) per unit and the price Coke is \( \$ 2 \) per unit. Assume she will spend her entire income of \( \$ 12 \) on these two goods and will not save any amount. If the consumer wants to buys 4 units of hamburger and 2 units of Coke, will this combination be within the consumer's budget limit? Table Total Utility and Marginal Utility of Hamburger \( (\mathrm{h}) \) and Coke (c) (Price per Hamburger is \( \mathrm{Ph}=\$ 4 \) and price of \( \mathrm{Coke} \) is \( \mathrm{Pc}=\mathrm{S2} \) and total budget is \( \mathrm{y}=\mathrm{S12} \) ) a. Yes b. No c. Cannot be determined with the given information d. None of the above. QUESTION 13 1. Use the following graph for a competitive market to answer the question below: A government imposed price floor of \( \$ 25 \) per unit will result in a a. shortage of 200 units. b. surplus of 200 units. c. surplus of 250 units. d. shortage of 250 units.