Lower left corner of should remain the shaded area

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Four college friends are looking to buy one netbook apiece due to them all losing their computers in a dorm theft after Drew forgot to lock the door. The table below contains the maximum prices each would be willing to pay, shown in the table below. The lowest price they can find is $150. On the graph below, move the gray Price line from $0 to the market price for netbooks. Then draw each person\'s consumer surplus (CS) by moving the areas assigned to each buyer. Place the buyer with the largest consumer surplus the furthest to the left. If a buyer does not have a consumer surplus at all, leave that persons shaded area where it is. Maintain the orientation of each area when creating the graph, i.e., the lower left corner of should remain the shaded area\'s lower left corner, and likewise for the other corners. Also pay attention to the quantity axis and make sure the shaded areas have a width of 1.

Reference no: EM131164137

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