C. At this quantity, is the benefit of the last unit of oil consumed greater than or less than the cost of producing that oil?
C. At this quantity, is the benefit of the last unit of oil consumed greater than or less than the cost of producing that oil? D. In order to show the benefit lost from the price ceiling, shade in the area where the unrealized benefits would have exceeded the costs. 4. The market for DVDs has supply and demand curves given by P” = 2Q and P = 42 Q , respectively. A. How many units will be traded at a price of $35? At a price of $14? Which participants will be dissatisfied at these prices? B. What quantity of DVDs at what price will be sold in equilibrium? C. What is the total revenue from DVD sales?
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