Question
Use the following information for the next 2 questions. Assume I value my baseball card collection at $8500. Assume a buyer for my collection values
Use the following information for the next 2 questions.
Assume I value my baseball card collection at $8500.
Assume a buyer for my collection values it at $13,000.
#1) How much wealth is created if I sell the collection to the buyer for $10,000?
#2)How much wealth is created if I sell the collection to the buyer for $12,000?
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Economics Today The Macro View
Authors: Roger LeRoy Miller
18th Edition
0133884872, 978-0133884876
