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Author Question: Suppose Alice sells a good for 60 on eBay. If the producer surplus from the sale is 25, Alice's cost ... (Read 55 times)

ETearle

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on: Jun 30, 2018
Suppose Alice sells a good for 60 on eBay. If the producer surplus from the sale is 25, Alice's cost of the good must have been:
 a. 35 b. 25.
  c. 60 d. 85.

Question 2

Suppose Jones sells a good for 100 at a yard sale. If the producer surplus from the sale is 75, Jones's cost of the good must have been:
 a. 100 b. 175.
  c. 25 d. equal to the deadweight loss.


yuyiding

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Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

c


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ETearle

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Reply #2 on: Jun 30, 2018
Thank you :)


yuyiding

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Reply #3 on: Jun 30, 2018
Happy to help you


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