Question: Look at the table below. nstructions: Enter your answers as a whole number. What is the total surplus if Bashir buys a unit from Chander?
Look at the table below.
nstructions: Enter your answers as a whole number.
- What is the total surplus if Bashir buys a unit from Chander?
$
- What is the total surplus if Barb buys a unit from Chaaya?
$
- What is the total surplus if Bashir buys a unit from Chad?
$
- 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?
$
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
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Total surplus if Bashir buys a unit from Chander Bashir 15 7 8 Chander 7 6 1 Total surplus 8 1 9 ... View full answer
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