Business
Business, 17.04.2020 05:26, lily3934

Suppose the market price is $5. The buyer who buys the first unit of output has a willingness-to-buy equal to $10; the buyer who buys the second unit of output has a willingness-to-buy equal to $9; and the buyer who buys the third unit of output has a willingness-to-buy equal to $8. Total consumer surplus is: $10. $5. $27. $12.

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Suppose the market price is $5. The buyer who buys the first unit of output has a willingness-to-buy...

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