Ask Question
BusinessBusiness
14 February, 13:06

Look at the two tables below. What is the total surplus If Bob buys a unit from Carlos? If Barb buys a from Courtney? If Bob buys a unit from Chad? If you match up pairs of buyers and sellers so as to maximize the total surplus of all transactions, what Is the largest total surplus that can be achieved? Person Maximum Price Willing to Pay Person Minimum Acceptable PriceBob $18 Carlos $5Barb 16 Courtney 7Bill 14 Chuck 9Bart 12 Cindy 11Brent 10 Craig 13Betty 8 Chad 15A. What Is the total surplus if Bob buys a unit from Carlos? B. What is the total surplus if Barb buys a unit from Courtney? C. What is the total surplus if Bob buys a unit from Chad? D. If you match up pairs of buyers and sellers so as to maximize the total surplus of all transactions, what is the largest surplus can be achieved?

+2
Answers (1)
  1. 14 February, 16:33
    0
    A. What Is the total surplus if Bob buys a unit from Carlos?

    $ $21 - $5 = $16

    B. What is the total surplus if Barb buys a unit from Courtney?

    $16 - $7 = $9

    C. What is the total surplus if Bob buys a unit from Chad?

    $16 - $15 = $1

    D. If you match up pairs of buyers and sellers so as to maximize the total surplus of all transactions, what is the largest surplus can be achieved?

    Arrange both tables in order to get from the least to the greatest and subtract them to get the differences.

    Sum of all the differences:

    $6 + $3 + $3 + $3 + $3 + $3 = $21 Total surplus (max)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Look at the two tables below. What is the total surplus If Bob buys a unit from Carlos? If Barb buys a from Courtney? If Bob buys a unit ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Suppose you have the following disposable income and consumption data for an economy, as shown in the table below. a. Using this data, compute the value for savings at each level of disposable income.
Answers (1)
Penny Company made an inventory count on December 31, 2020. During the count, one of the clerks made the error of counting an inventory item twice.
Answers (1)
A partnership can be terminated by which of the following A. Bankruptcy B. Death of a partner C. Agreement by partners D. All of the above The answer is D
Answers (2)
Is a hybrid organizational structure in which two or more forms of departmentalization are used together?
Answers (1)
What are some of the key components that are listed on a check in the current day?
Answers (1)
New Questions in Business
7. Research on neurotransmitters indicates that:A) a single synapse generally uses several dozen neurotransmitters. B) neurotransmitters can inhibit neural impulse transmission.
Answers (1)
Intellectual property assets are A. depreciated B. depleted C. amortized D. Expensed
Answers (2)
Jane smith currently holds tax-exempt bonds of good samaritan health care that 7% interest. she is in the 35% tax bracket. her broker wants her to buy some beverly enterprises taxable bonds that will be issued next week.
Answers (1)
Julio decides his business will begin staying open until 7 p. m. instead of 6 p. m. The next day, the shop stays open until 7 p. m. This environment of flexibility to quickly change is characteristic of what form of business organization?
Answers (1)
Which of the following factors does not cause a shift in the labor demand curve? A. Changing technology. B. Changes in output prices. C. Changes in the wage rate. D. Changing input prices.
Answers (1)
Home » Business » Look at the two tables below. What is the total surplus If Bob buys a unit from Carlos? If Barb buys a from Courtney? If Bob buys a unit from Chad?
Sign Up Forgot Password?