What does this mean

Value of second bottle: $$7$

Value of third bottle:

Cost of second bottle: $$3$

Value of fourth bottie:

Cost of third bottle:

$$7$

Cost of fourth bottle: $$10$

The following table shows their respective supply and demand schedules:

$\backslash$table$[[$Price$,$Quantity Demanded,Quantity Supplied$],[$$$1$ or less,$4,0],[$$$1$ to $$3,3,1],[$$$3$ to $$7,2,2],[7$ to $$10,1,3],[$More than $$10,0,4]]$

Use Felix's supply schedule and Carlos's demand schedule to find the quantity supplied and quantity demanded at prices of $ these values in the following table.

$\backslash$table$[[$Price$,$Quantity Demanded,Quantity Supplied$],[2,,],[6,,],[9,,]]$

A price of $q,$ brings supply and demand into equilibrium.

At the equilibrium price, consumer surplus is $,$ producer surplus is $,$ and total surplus is $1.$

If Felix produced and Carlos consumed one less bottle of water, total surplus would $q,.$

If instead, Felix produced and Carlos consumed one additional bottle of water, total surplus would

Attempts $$

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$$ Keep the Highest $/5$

$5-$ How prices allocate resources

Suppose that there are three plots of mountain resort land available for sale in Park City and six potential buryers, each interested in purchasing one plot. Assume that all of the plots are basically indistinguishable and that the minimum selling price of each is $$745,000.$ The following table lists each potential buyer's willingness and ability to purchase a plot of land.

$\backslash$table$[[$Person$,\backslash$table$[[$willingness and Ability to Purchase$],[($Dollars$)]]],[$Alyssa$,680,000],[$Jake$,900,000],[$Latasha$,810,000],[$Nick$,770,000],[$Rosa$,720,000],[$Tim$,690,000]]$

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Which of these people will purchase one of the three mountain resort plots? Check all that apply.

Alyssa

Jake

Latasha

Nick

Rosa

Tim

$63\%$

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