Question
In the podcast one of the hosts auctioned off a record for $16, that she valued at $4.What was her producer surplus? 1 point 5.If
In the podcast one of the hosts auctioned off a record for $16, that she valued at $4.What was her producer surplus? 1 point
5.If the person that purchased the record valued it at $25, what was the total or economic surplus? Must answer all parts of the question: 3 points
a.Consumer surplus =
b.Producer surplus =
c.Economic/ total surplus=
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Economics for Environmental Studies A Strategic Guide to Micro and Macroeconomics
Authors: Alfred Endres, Volker Radke
1st edition
364231192X, 3642311925, 9783662548264, 3662548267, 978-3642311925
