Minimum Actual Price Acceptable (Equilibrium Producer Price Price) A $ 6 $ 13 в 7 13 13 D 11 13 E 13 13 Refer to the provided table. The surplus for Producer B is $6.
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- A consumer is willing to purchase an item for $30 but he gets item at a market price of $22. Calculate the consumer 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 indemandThe consumer surplus is negative when: a. The customer's maximum willingness-to-pay is below the price. b. The cost exceeds the price. C. The cost below the customer's willingness-to-pay. d. No other option is correct.
- Find the consumer surplus if maximum willingness to pay is $48 and market price is $23The consumer surplus is positive when: a. The customer's maximum willingness-to-pay is below the price. b. The price exceeds the cost. c. The customer's maximum willingness-to-pay is above the price. d. Value creation is positive.Find market equilibrium quantity of enrollment and optimal quantity of enrollment
- Title Calculate consumer surplus for a demand curve like the one just describedexcept that the buyers’ reservation prices for each unit are $2 higher thanbefore, as shown in the graph below. Description Calculate consumer surplus for a demand curve like the one just describedexcept that the buyers’ reservation prices for each unit are $2 higher thanbefore, as shown in the graph below.Need answer asap. Consumer surplus? A limited edition package is sold only to 200 customers for $130 each. The average value of the package for the 200 customers is $280.Joy is thinking to buy a new chair for his office. The market price of the chair is $44 and Joy's maximum willingness to pay for that chair is $55 What would be the Consumer surplus involved in this transaction
- The consumer surplus is $33 and the maximum willingness to pay of buyer is $85 Calculate Market PriceCalifornia LifeLine provides discounted home phone and cell phone service to qualified households. The service discount cannot exceed $39 per household. What would happen if the state of California were to increase the subsidy to $59 per household? Group of answer choices Supply would shift to the left Government payments to households would decrease The price consumers pay increases and the quantity consumed increases The price consumers pay falls and the quantity consumed increasesThe value of a price-distorting subsidy for a three-bedroom apartment is $100 per month. This means that the person choosing to live in an apartment of that size would have to pay an extra $100 per month at the market rent. Then it follows that: A.that person would be just as well off if she received a cash subsidy of less than $100 per month. B.that person would be better off if she received a cash subsidy of $100 per month. C.that person would be better off if she received a cash subsidy of $100 per month, or that person would be just as well off if she received a cash subsidy of less than $100 per month D.that person would be worse off if she received a cash subsidy of $100 per month.