Government officials are frustrated that the price guarantee is both costly and wasteful, especially for new entrants into the market that are not efficient producers. They thus propose the following scheme in an attempt to maintain support for farmers at a lower cost: Farmers who entered the market only after the price guarantee was put in place will be offered $2 per bushel not to grow corn. They will be paid based on how many bushels they produced previously. Recall that these farmers are represented by the part of the supply curve above the initial equilibrium price of $6 but below $8. What will be the total cost to the government of this new scheme? million dollars What is the deadweight loss under the new scheme? million dollars