homework, Microeconomics

Assignment Help:
There are six potential customers of computer games, each willing to buy only one game Consumer 1 is willing to pay $40, Consumer 2 is willing to pay $35, consumer 3 is willing to pay $30 ,Consumer 4 is willing to pay $25, Consumer 5 is willing to pay $20, Consumer 6 is willing to pay $15. Suppose the market price is $29. What is the total consumer surplus? be sure to show your work

Related Discussions:- homework

Land, explain land as a part of the four factors of production

explain land as a part of the four factors of production

Molar mass, How to determine the number of moles of butane by your number o...

How to determine the number of moles of butane by your number of moles of butane? using (PV=nRT)

Structure of the imf, Structure of the IMF: The Central office of the ...

Structure of the IMF: The Central office of the IMF is in Washington DC, USA. It has 184 members. It is affiliated to the UNO. The highest authority of the IMF is the Board of

Why have these economies converged, Why Have These Economies Converged? ...

Why Have These Economies Converged? By and large economies which have converged are those which belong to OECD: the Organization for Economic Cooperation and Development that w

Explain the end of the malthusian age, The End of the Malthusian Age W...

The End of the Malthusian Age We clearly no longer live in a Malthusian age. For at least 200 years improvements in the efficiency of labor made possible by new technologies a

Price, why sellers and producers keep pricess lower

why sellers and producers keep pricess lower

Explain the economic principle, Various studies have concluded that the dem...

Various studies have concluded that the demand for movie cinema attendance is responsive to advertising.  A study of one company, with movie cinemas in three neighbouring towns, sh

Theory of second best, what is the theory of second best? prove the theorem...

what is the theory of second best? prove the theorem with the help of a diagram.

Economic appraisal, Economic appraisal - Appraisal , which seeks to quantif...

Economic appraisal - Appraisal , which seeks to quantify, and where possible calculate the welfare impacts from, the costs and benefits of a project or policy.

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd