Advanced Placement (AP)
Advanced Placement (AP), 17.10.2019 03:40, abbz13

Which of the following describes a surplus?

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Business, 03.09.2019 05:30, ShilohTheBoy
With a dutch flower auction, a. producer surplus is close to or equal to zero b. consumer surplus is maximized c. consumer surplus and producer surplus are both equal to zero d. an individual buyer's consumer surplus is close to or equal to zero and producer surplus is greater than zero if price exceeds marginal cost e. consumer surplus is relatively large and producer surplus is relatively s
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Business, 06.10.2019 02:00, kris22elizondop9v1bb
For each of the scenarios, calculate the surplus and indicate if it is a producer surplus or a consumer surplus. alice is willing to spend $30$30 on a pair of jeans, and has a coupon for $10$10 off which she found online. she selects and purchases a $35$35 pair of jeans which cost $35$35 pre-discount. alice has a producer surplus. consumer surplus. alice's surplus: $ nicole has a hockey puck from the 2010 winter olympic games and puts it up for sale on ebay. she will only sell the puck if the winning bid is greater than or equal to $500$500 . after bidding closes, the last bid stands at $500$500 . nicole has a producer surplus. consumer surplus. nicole's surplus: $ claire is trying to sell her used calculus textbook online. she asks for $150$150 or best offer, and is willing to sell for anything over $100$100 . she is able to sell it for $125$125 . claire has a producer surplus. consumer surplus. claire's surplus: $ roy is willing to pay $2.50 for a sports drink. he puts $5.00 into the vending machine and pushes the button for the sports drink without noticing that the price has increased to $2.75 until he counts the change he gets back. roy has a consumer surplus. producer surplus. roy's surplus: $
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