Question

image.png
Homework (Ch 07) Based on the information on the previous graph, you can tell that consumer surplus in this market will be $
PRICE Tim Alyssa Brian Alyssa Brian QUANTITY (Laptops) Based on the information in the second graph, when the market price of
0 0
Add a comment Improve this question Transcribed image text
Answer #1

380 Nick 230 PAL Rosa Consumer Surplus )-(300 – 140) +(260-140) - + 1180-140) 160 + 120 + 40 = 320 Masket Brice - - Alysaq Ba2 Consumou Sweeplus 300 -220) +(260-22017 » 80 t. 40 2 120 Rosa Madeetfice Alyzaq Boas 0 1 2 3 4 5 Quantity m ga- VA= consumeer Susplus qrailable to Rosa 172 Consumer Susplus available to Nick When the market Price Increases to $220, the

Add a comment
Know the answer?
Add Answer to:
We were unable to transcribe this imageHomework (Ch 07) Based on the information on the previous...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Has 2 graphs and questions. thank you for your 5. Producer surplus for a group of...

    Has 2 graphs and questions. thank you for your 5. Producer surplus for a group of sellers The following graph shows the supply curve for a group of sellers in the U.S. market for laptops (orange line). Each seller has only one laptop to sell. The market price of a laptop is shown by the black horizontal line at $105. Each rectangle on the graph corresponds to a particular seller in this market: blue (circle symbols) for lake, green (triangle...

  • (Decreases/increases) ,(1,2,3,4, 5 customers),(Decreases/increases) 3. Consumer surplus for a group of consumers The following graph shows...

    (Decreases/increases) ,(1,2,3,4, 5 customers),(Decreases/increases) 3. Consumer surplus for a group of consumers The following graph shows the demand curve for a group of consumers in the U.S. market (blue line) for laptops. The market price of a laptop is shown by the black horizontal line at $150 Each rectangle you can place on the following graph corresponds to a particular buyer in this market: orange (square symbols) for Dmitri, green (triangle symbols) for Frances, purple (diamond symbols) for Jake, tan...

  • 3. Consumer surplus for a group of consumers The following graph shows the demand curve for...

    3. Consumer surplus for a group of consumers The following graph shows the demand curve for a group of consumers in the U.S. market (blue line) for laptops. The market price of a laptop is shown by the black horizontal line at $90 Each rectangle you can place on the following graph corresponds to a particular buyer in this market: orange (square symbols) for Alex, green (triangle symbols) for Becky, purple (diamond symbols) for Clancy, tan (dash symbols) for Eileen,...

  • The following graph shows the demand curve for a group of consumers in the U.S. market (blue line) for tablets.

    The following graph shows the demand curve for a group of consumers in the U.S. market (blue line) for tablets. The market price of a tablet is shown by the black horizontal line at $120. Each rectangle you can place on the following graph corresponds to a particular buyer in this market: orange (square symbols) for Dmitri, green (triangle symbols) for Frances, purple (diamond symbols) for Jake, tan (dash symbols) for Latasha, and blue (circle symbols) for Nick. Use the rectangles...

  • Homework (Ch 07) 3. Consumer surplus for a group of consumers The following graph shows the...

    Homework (Ch 07) 3. Consumer surplus for a group of consumers The following graph shows the demand curve for a group of consumers in the U.S. market (blue line) for tablets. The market price of a tablet is shown by the black horizontal line at $150. Each rectangle you can place on the following graph corresponds to a particular buyer in this market: orange (square symbols) for Carlos, green (triangle symbols) for Deborah, purple (diamond symbols) for Felix, tan (dash...

  • Homework (Ch 07) 3. Consumer surplus for a group of consumers The following graph shows the...

    Homework (Ch 07) 3. Consumer surplus for a group of consumers The following graph shows the demand curve for a group of consumers in the U.S. market (blue line) for tablets. The market price of a tablet is by the black horizontal line at $90. Each rectangle you can place on the following graph corresponds to a particular buyer in this market: orange (square symbols) for Andrew, gree (triangle symbols) for Beth, purple (diamond symbols) for Darnell, tan (dash symbols)...

  • CENGAGE MINDTAP Homework (Ch 07 5. Producer surplus for a group of sellers The following graph...

    CENGAGE MINDTAP Homework (Ch 07 5. Producer surplus for a group of sellers The following graph shows the supply curve for group of sellers in the us, market for tablets (orange ano). Each seller has only and tablet to sell The market price of tablets shown by the black ho l e at $150. Each rectangle on the graph corresponds to a particular seier this market: blue Corde symbols) for a green (triangle symbols) for Latasha, purple (samond symbols) for...

  • 5. Producer surplus for a group of sellers The following graph shows the supply curve for...

    5. Producer surplus for a group of sellers The following graph shows the supply curve for a group of sellers in the U.S. market for laptops (orange line). Each seller has only one laptop to sell. The market price of a laptop is shown by the black horizontal line at $175. Each rectangle on the graph corresponds to a particular seller in this market: blue (circle symbols) for Kenji, green (triangle symbols) for Lucia, purple (diamond symbols) for Paolo, tan...

  • The following graph shows the demand curve for a group of consumers in the U.S. market (blue line) for smartphones.

     3. Consumer surplus for a group of consumers The following graph shows the demand curve for a group of consumers in the U.S. market (blue line) for smartphones. The market price of a smartphone is shown by the black horizontal line at $120. Each rectangle you can place on the following graph corresponds to a particular buyer in this market: orange (square symbols) for Bob, green (triangle symbols) for Cho, purple (diamond symbols) for Eric, tan (dash symbols) for Ginny, and blue...

  • 3. Consumer surplus for a group of consumers The following graph shows the demand curve for...

    3. Consumer surplus for a group of consumers The following graph shows the demand curve for a group of consumers in the U.S. market (blue line) for smartphones. The market price of a smartphone is shown by the black horizontal line at $150. Each rectangle you can place on the following graph corresponds to a particular buyer in this market: orange (square symbols) for Bob, green (triangle symbols) for Cha, purple (diamond symbols) for Eric, tan (dash symbols) for Ginny,...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT