Whats the total producer surplus in this market

Assignment Help Microeconomics

Reference no: EM133395976

Question: Consider the market for computers. The current price of dell computer is $1200.00. Two consumers, Jeff and Peter, are willing to 1,200 and 1,300, for a new computer. Two electronic stores are willing to sell the dell computers for as little as 1,050 and 1,150 each. What's the total producer surplus in this market?

Reference no: EM133395976

Questions Cloud

How do these tools help the organization manage supply chain : how they currently use AI, ML, predictive and/or prescriptive analytics. Share your findings and include your resources. How do these tools help

Are these flood mitigation techniques rival or non-rival : Are these flood mitigation techniques rival or non-rival and Are these flood mitigation techniques excludable or non-excludable

Describe an example of a paracrisis situation : Explain paracrisis and how/where it fits into the three phases of crisis management; and Describe an example of a paracrisis situation.

Three instrumental values that drive my ambition : What are the one or two terminal values and two or three instrumental values that drive my ambition?

Whats the total producer surplus in this market : Two electronic stores are willing to sell the dell computers for as little as 1,050 and 1,150 each. Whats the total producer surplus in this market

What is the optimal production quantity : What is the daily demand rate? What is the optimal production quantity? How long will it take to produce the optimal quantity? How much inventory

Assess the value of multiculturalism : Build out a case analysis on the topic of strategic management and why it is critical to the success of an organization in meeting its goals and mission.

Explain the concepts of person job : Explain the concepts of person job and person organization fit. When you are looking for a new job what will be a deal breaker for you money location prestige b

Explain why the intersection of the degree line : Explain why the intersection of the degree line and the AE function represents equilibrium by appealing to the difference between actual and desired

User Account

All Pages