Question: Look at the two tables below. What is the total surplus if Bob buys a unit from Carlos? If Beata buys a unit from Courtney?

Look at the two tables below. What is the total surplus if Bob buys a unit from Carlos? If Beata buys a unit from Courtney? If Bob 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?

Look at the two tables below. What is the total surplus if

Consumers Producers Maximum Actual Price Minimum Actual Price Price Willing (Equilibrium Acceptable (Equilibrium Person to Pay ($) Price) ($) Person Price ($) Price) ($) Bob $17 SE Carlos $6 BS Beata 14 8 Courtney 7 Bill 13 8 Carla 8 8 Bella 12 8 Cindy 9 11 Carmela 10 CO Brent Betty 10 Chad 11 Instructions: Enter a whole number as your answer. a. What is the total surplus if Bob buys a unit from Carlos? $ Instructions: Enter a whole number as your answer. b. What is the total surplus if Beata buys a unit from Courtney? $ Instructions: Enter a whole number as your answer. c. What is the total surplus if Bob buys a unit from Chad? $ Instructions: Enter a whole number as your answer. d. 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

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