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Seema Sangita M 6 10-7 Wellman 129 B02 M 5 10-6 B03 Mr. Daniel Diaz Vidal B04 B05 Wellman 107 B06 B07 Mr. What is producer surplus sell Q1 units. What is consumer surplus D. wage and demand for labor. The minimum wage is set at wm. wm we Qe-Q1 Q2-Qe Q2-Q1 There are Q1 people who benefit from the minimum wage. Use the figure to answer the following three questions about the firm s behavior in the short run. MC ATC P5 AVC P4 P3 P2 P1 Q1 Q2 Q3 Q4 When the market price is P2 a profit maximizing...
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