The<u> profit</u> genereted by the <u>sales of gold label and black label combined</u> is <u>the sum</u> of the profits generated by the sales of gold label and of the profits generated by the sales of black label.
1. From the table
you can find the profits generated by the sales of gold label:
2. From the table
you can find the profits generated by the sales of black label:
In total
Answer: correct option 5
= 6.37 * 10^4 = 637 * 10^2 = 63700
In short, Your Answer would be Option A
Hope this helps!
When the demand and supply curve intersect, that is, where the quantity demanded and quantity supplied are equal, the market is said to be in equilibrium. Thus, the given quantity is equilibrium quantity.
From the graph, we see that when the production cost of wheat is $4, the equilibrium quantity is 600 units.
When the production cost lowers from $4 to $3, the supply of wheat increases, such that the equilibrium quantity increases from 600 units to 800 units.
Thus, after an increase in supply, the equilibrium quantity increases.
So, Option A is the correct answer.
