Suppose Dexter is willing to pay $5 for a chocolate bar, Draco is willing to pay $z, and willing to pay $1. If the market price is $2, then consumer surplus in this market is equal to When typing your solution, don't include $.
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- Kyra buys an iPhone for $240 and gets consumersurplus of $160.a. What is her willingness to pay?b. If she had bought the iPhone on sale for $180,what would her consumer surplus have been?c. If the price of an iPhone were $500, what wouldher consumer surplus have been?Naisa buys an iPhone for $240 and gets consumer surplus of $160.a. What is her willingness to pay?b. If she had bought the iPhone on sale for $180, what would her consumer surplushave been?c. If the price of an iPhone were $500, what would her consumer surplus have been? Answer must be correct.Show step by stepcalculation.Refer to the figure at right showing the market for nuts. The loss of consumer surplus associated with the tariff shown will be $ (Round your response to the nearest dollar.) Price of Nuts ($) Pw+t Md 40 31 Market for Nuts C D A B 6 15 26 38 Quantity of Nuts (thousand units) S Tarif D
- Naisa buys an iPhone for $240 and gets consumer surplus of $160.a. What is her willingness to pay?b. If she had bought the iPhone on sale for $180, what would her consumer surplushave been?c. If the price of an iPhone were $500, what would her consumer surplus have been?How do I find the consumer and producer surplus?Total surplus is maximized at the equilibriumprice and quantity. When demand increases,price increases. Explain how total surplus is stillmaximized if price increases due to an increase indemand
- CENGAGE MINDTAP Aplia Homework: Chapter 7 PRICE (Dollars per slice) 7.50 6.75 6.00 5.25 4.50 3.75 The following graph shows Amy's weekly demand for cheesecake, represented by the blue line. Point A represents a point along her weekly demand curve. The market price of cheesecake is $3.00 per slice, as shown by the horizontal black line. 3.00 2.25 1.50 0.75 Cengage Learning Demand Price BO Amy's Weekly Demand 30 26 A O 0 280 Help NOV OOO ng.cengage.com Mind Tap Cengage Learning ? tv C ♫ NA Q Search this course ? D a g W (1) WhatsApp Wed Nov DOCX AmLook at the tables below. Person Bob Barb Bill Bart Brent Betty $ Maximum Price Willing to Pay $17 14 13 12 11 10 Person Carlos Courtney Chuck Cindy Craig Chad Instructions: Enter your answers as a whole number. a. 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? Minimum Acceptable Price $6 7 8 9 10 11 d. 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?The graph below depicts Jacques's monthly demand for tuna. Suppose the price of tuna falls from $12 per pound to $8 per pound. On the diagram, use the area drawing tool to box in the changein Jacques's consumer surplus. To refer to the graphing tutorial for this question type, please click here. Jacques's Monthly Demand for Tuna Price per pound 16 15 14 13 12 11 10 9 7 4 3 2 1 るる る + SUBMIT ANSWER 4 VIEW SOLUTION 7 OF 14 QUESTIONS COMPLETED MacBook Pro
- IF you have 2 goods, that are perfect one to one substitutes, and the price of one of the goods rises, what happens to the consumer surplus?The table below represents the market for DVDS. The value of consumer surplus is $__________milon (Enter your reaponse as an integer)If a freeze ruined this year’s lettuce crop, illustrate then explain what would happen to consumer surplus?
