Look at the table below.

nstructions: Enter your answers as a whole number.

1. What is the total surplus if Bashir buys a unit from Chander?

   $

2. What is the total surplus if Barb buys a unit from Chaaya?

   $

3. What is the total surplus if Bashir buys a unit from Chad?

   $

4. If you match up pairs of buyers and sellers so as to maximize the total surplus of all transactions, what is the largest total surplus that can be achieved?

   $

Transcribed Image Text:

Person Bashir Barb Bill Beeja Brent Blessing Maximum Price Willing to Pay $15 14 13 12 11 10 Person Chander Chaaya Chuck Chazen Chuma Chad Minimum Acceptable Price $6 7 8 9 10 11 Person Bashir Barb Bill Beeja Brent Blessing Maximum Price Willing to Pay $15 14 13 12 11 10 Person Chander Chaaya Chuck Chazen Chuma Chad Minimum Acceptable Price $6 7 8 9 10 11

Answer rating: 100% (QA)

Total surplus if Bashir buys a unit from Chander Bashir 15 7 8 Chander 7 6 1 Total surplus 8 1 9 ... View the full answer