Look at the two tables below. What is the total surplus if Bob buys a unit from Carlos? If Barb buys a unit fromCourtney? If Bob buys a unit from Chad? If you match up pairs of buyers and sellers so as to maximize the total surplusof all transactions, what is the largest total surplus that can be achieved?Maximum PriceMinimumPersonPersonWilling to PayAcceptable PriceBob$19Carlos$5Barb16Courtney7Bill14ChuckBart12Cindy11Brent10Craig13Betty8Chad15 d. If you match up pairs of buyers and sellers so as to maximize the total surplus of all transactions, what is the largesttotal surplus that can be achieved?

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Asked Sep 23, 2019
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Look at the two tables below. What is the total surplus if Bob buys a unit from Carlos? If Barb buys a unit 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?
Maximum Price
Minimum
Person
Person
Willing to Pay
Acceptable Price
Bob
$19
Carlos
$5
Barb
16
Courtney
7
Bill
14
Chuck
Bart
12
Cindy
11
Brent
10
Craig
13
Betty
8
Chad
15
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Look at the two tables below. What is the total surplus if Bob buys a unit from Carlos? If Barb buys a unit 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? Maximum Price Minimum Person Person Willing to Pay Acceptable Price Bob $19 Carlos $5 Barb 16 Courtney 7 Bill 14 Chuck Bart 12 Cindy 11 Brent 10 Craig 13 Betty 8 Chad 15

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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?
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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?

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Total surplus is the total economic surplus earned by different agents in the economy. Total surplus is maximize...

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Consumer demand theory

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