1.1. Michael is an economist. He loves being an economist so much that he would do it...

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1.1. Michael is an economist. He loves being an economist so much that he would do it for a living even if he only earned $30,000 per year.

Instead, he earns $80,000 per year. (Note: This is the average salary of new economists with a Ph.D. degree.) How much producer surplus doe Michael enjoy?

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Modern Principles Macroeconomics

ISBN: 124428

2nd Edition

Authors: Tyler Cowen ,Alex Tabarrok

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Question Posted: Nov 16, 2024 12:00 AM

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1.1. Michael is an economist. He loves being an economist so much that he would do it...

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Modern Principles Macroeconomics

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