EP ECONOMICS,AP EDITION-CONNECT ACCESS
20th Edition
ISBN: 9780021403455
Author: McConnell
Publisher: MCGRAW-HILL HIGHER EDUCATION
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Chapter 5, Problem 3DQ
To determine
The difference between the rent seeking and the profit maximization.
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If a per unit tax of $6 were to reduce quantity of this product traded to only 10 units, what would be the efficiency cost to the economy?
10:17
OT
1. A college student enjoys eating pizza. Her
willingness to pay for each slice is shown in the
following table:
Number of pizza
slices
к
1
2
3
4
5
6
7
Willingness to pay (per
slice)
$6
+
LO
5
4
3
2
1
a. If pizza slices cost $3 each, how many slices
will she buy? How much consumer surplus will
she enjoy?
O
3
Chapter 5 Solutions
EP ECONOMICS,AP EDITION-CONNECT ACCESS
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