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Look at the table below. nstructions: Enter your answers as a whole number. What is the total surplus if Bashir

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Question:

Look at the table below.
Person Bashir Barb Bill Beeja Brent Blessing Maximum Price Willing to Pay $15 14 13 12 11 10 Person Chander


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

Expert Answer:

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 View the full answer


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Related Book For  answer-question
Income Tax Fundamentals 2013

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Posted Date: September 24, 2023 18:11:03
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