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Table 2 below shows a marginal value schedule for person B. Suppose that there is also another Person C that has the same marginal value
Table 2 below shows a marginal value schedule for person B. Suppose that there is also another Person C that has the same marginal value schedule as Person B.
Table 2
Quantity of XMarginal Value of X in $ for Person B (same schedule applies to Person C)
110
28
36
44
52
60
Suppose persons B and C are in one market. Draw a figure that illustrates the inverse individual demands for persons B and C, as well as the aggregate inverse market demand (assuming persons B and C are in one market).
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