-In the above figure, the total consumer surplus at the efficient level of output is
A) $4.5 million.
B) $2.5 million.
C) $9.0 million.
D) $8.5 million.

Question

-In the above figure, the total consumer surplus at the efficient level of output is
A) $4.5 million. 
B) $2.5 million. 
C) $9.0 million. 
D) $8.5 million.

Quizplus · Accepted Answer

The total consumer surplus at the efficient level of output is calculated as the area of the triangle above the price level and below the demand curve. If the figure indicates this area as $4.5 million, then that is the correct consumer surplus.

-In the Above Figure, the Total Consumer Surplus at the Efficient