Business, 07.06.2020 00:01, Kenoman

You are thinking about renting a room in a house next year with three of your friends. For each month's rent, you are willing to pay $435, your first friend is willing to pay $400, your second friend is willing to pay $560, and your third friend is willing to pay $460. The landlord agrees to offer each of you separate leases but will charge you all the same price: $400. You decide this is a good deal, so you and your friends move in. A couple of months later, you learn from someone who knows the landlord that he would have been willing to rent each room for $350 per month. 1. What is the amount of producer surplus per month?$ 2. What is the amount of total consumer surplus per month? $ 3. What is the amount of total surplus each month? $

Answers: 3

Show answers

Other questions on the subject: Business

Business, 22.06.2019 09:00, 0318929

How does the plaintiff, mrs. wood, try to implicate the gun manufacturer ( who testifies, what do they say, what evidence is introduced)?

Answers: 2

continue

Business, 23.06.2019 00:30, Chen19241

2. which of the following statements about interest is true? a. interest is a one-time fee that you pay for lending money. b. interest is expressed as a percentage of the amount you are borrowing. c. because interest rates tend to be small numbers, they typically don't have much effect on the price of the goods you're purchasing. d. interest is a penalty that you pay when you don't pay your bills on time.

Answers: 1

continue

Business, 23.06.2019 02:00, Trumpman137

In his speech on varying explanations of how the earth came into existence, eduardo begins with opinions, moves to inferences, and uses scientific facts in support of his last point. what principle of supporting material organization is eduardo utilizing in his speech?

Answers: 3

continue

Business, 23.06.2019 02:20, mpgleboski

When the benefit of one particular use of a resource is greater than the opportunity cost, then that resource is which of the following? a. not scarce b. being used efficiently c. a normal good d. non-excludable

Answers: 2

continue

Do you know the correct answer?

You are thinking about renting a room in a house next year with three of your friends. For each mont...