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

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

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

Quizplus · Accepted Answer

The total consumer surplus is calculated as the area of the triangle above the price level and below the demand curve at the efficient level of output.

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