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help, please Q1 1 Point Suppose that the (unit) price is P=$2. Using the information given by the table, how many units should be bought
help, please
Q1 1 Point Suppose that the (unit) price is P=$2. Using the information given by the table, how many units should be bought to maximize the buyer's gains from trade? q V01) 0 $0 1 $10 2 $19 3 $22 4 $25 5 $26 0 A. 1 unit. 0 B. 2 units. 0 C. 3 units. 0 D. 4 units. 0 E. 5 units. 02 1 Point Using the information given by the table, what is the valuation of 4 units, i.e., W4)? 9 M V01) 0 __ 1 $10 2 $8 3 $5 4 $5 5 $1 0 A. $10. 0 B. $18. 0 (3. $28. 0 D. $30. 0 E. None of the above. 03 1 Point Suppose that the (unit) price is P=$7. How many units should be sold to maximize the seller's gains from trade? q C(Q') 0 $0 1 $1 2 $3 3 $7 4 $12 5 $17 0 A1 unit. 0 B. 2 units. 0 C. 3 units. 0 D. 4 units. 0 E. 5 units. 04 1 Point Agent A's marginal valuation of the first unit is MVA = $3 and agent B's marginal valuation of the first unit is MVB = $4. Suppose that agent A owns one unit while agent B holds no unit. Then, assuming that each agent maximizes his/her gains from trade, 0 A. 1 unit for agent A and 0 unit for agent B is an efficient allocation. 0 B. 1 unit for agent B and 0 unit for agent A is an efficient allocation. 0 C. There is mutually benecial trading between agentA and agent B at a price of 3Step by Step Solution
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