Suppose Alice sells a good for 60 on eBay. If the producer surplus from the sale is 25, Alice's cost ...

Author Question: Suppose Alice sells a good for 60 on eBay. If the producer surplus from the sale is 25, Alice's cost ... (Read 73 times)

ETearle

Hero Member
Posts: 580

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

Sr. Member
Posts: 357

Reply #1 on: Jun 30, 2018

Answer to Question 1

a

Answer to Question 2

c

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ETearle

Hero Member
Posts: 580

Reply #2 on: Jun 30, 2018

Thank you

yuyiding

Sr. Member
Posts: 357

Reply #3 on: Jun 30, 2018

Happy to help you

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