Waiting for answer This question has not been answered yet. You can hire a professional tutor to get the answer.

QUESTION

Book cost Graph

John is looking for an Economic book, because he is not very happy with his accumulated grade in this course. As he has a limited budget, he is willing to pay no more than $ 50.a. He goes to the local Library and looked at the place where some books were sold. He found an economic book for "dummies" at $ 20. Which would be his consumer surplus in the case he buys it?b. As he considered the book at the Library too basic, he explored used books at Internet and found a popular online bookstore that was selling a good textbook at $ 80. What do you think he did? NOTE. Before answering watch videos. VIDEOSConsumer SurplusKahn. Consumer Surplus Introduction. http://youtu.be/_6kwhF6hoqQTotal Consumer Surplus as area: http://youtu.be/RBUBIRtn0xQProducer SurplusKahn Producer Surplus. http://youtu.be/-V-Y5klejSgDeadweight LossHow to calculate deadweight loss. https://youtu.be/kF1c8ujpTYY Kahn. Rent Control & Deadweight Loss. http://youtu.be/ZrNKHCCVfB8Kahn. Taxation & Deadweight Loss. http://youtu.be/NuLlNAdrom4

Show more
LEARN MORE EFFECTIVELY AND GET BETTER GRADES!
Ask a Question