Graph 10-2 This graph depicts the market for pork.Use this information to answer the following question(s).
-In Graph 10-2, what price and quantity combination efficiently allocates resources in such a way that the total value to consumers who buy and use pork minus the total costs to the producers who make and sell pork is maximised?
A)P₁, Q₁
B)P₂, quantity of zero
C)price of zero, Q₂
D)P₀, Q₂

Question

Graph 10-2  This graph depicts the market for pork.Use this information to answer the following question(s).
-In Graph 10-2, what price and quantity combination efficiently allocates resources in such a way that the total value to consumers who buy and use pork minus the total costs to the producers who make and sell pork is maximised?
A)P₁, Q₁ 
B)P₂, quantity of zero 
C)price of zero, Q₂ 
D)P₀, Q₂

Quizplus · Accepted Answer

The Answer of Graph 10-2  This graph depicts the market for pork.Use this information to answer the following question(s).
-In Graph 10-2, what price and quantity combination efficiently allocates resources in such a way that the total value to consumers who buy and use pork minus the total costs to the producers who make and sell pork is maximised?
A)P₁, Q₁ 
B)P₂, quantity of zero 
C)price of zero, Q₂ 
D)P₀, Q₂

Graph 10-2 This Graph Depicts the Market for Pork