Hereby attached my questions.

Economy is not my strong suit, please help me with the problem...

Business Economics Exercise Instructor: Yudo Anggoro, Ph.D 1. There are 6 potential consumers of computer games. Consumer 1 is willing to pay $40 for a computer game, consumer 2 is willing to pay $35, consumer 3 is willing to pay $30, consumer 4 is willing pay $25, consumer 5 is willing to pay $20, and consumer 6 is willing to pay $15. a. Suppose the market price is $29. What is the total consumer surplus? b. The market price decreases to 519. What is the total consumer surplus now? c. When the price fell from $29 to $19, how much did each consumer's individual consumer surplus change? 2. When demand is estimated to be p = 50 0.5x, calculate the loss in consumer surplus when a tax drives price from $1 to $5. 3. Suppose we're given the demand function p = 50q + 2000 and we had the supply function p = 10q + 500. a. Calculate the price and quantity at equilibrium point. b. Calculate the consumer surplus, producer surplus, and total surplus. 4. Assume that the demand and supply of hamburgers can be represented in the following diagrammatic model. Prices Supply .- : anriry'crnd J so we I50 :00 :50 $00 150 ODD mnhnwsperm a. What is the equilibrium price and quantity? b. Calculate consumer surplus, producer surplus and social surplus. c. Suppose the quantity supplied is restricted by government regulation to 200 units per month. Calculate the new price, the consumer surplus, producer surplus and social surplus. 5. Suppose that the campus bookstore makes used textbooks available at a price of $30. Anne, Brad, Carolyn, Darren, and Erica plan to buy books and they have their own willingness to pay. Do they gain from their purchases, and if so, how much? Potential Buyer Willingness to Pay (5) '1 Brad m