Consider the market for computers. The current price of dell computer is $1200.00. Two consumers, Jeff and Peter, are willing to 1,250 and 1,350, for a new computer. Two electronic stores are willing to sell the dell computers for as little as 1,150 and 1,000 each. What's the total surplus in this market? Answer: LAFOL

Consider the market for computers. The current price of dell computer is $1200.00. Two consumers, Jeff and Peter, are willing to 1,250 and 1,350, for a new computer. Two electronic stores are willing to sell the dell computers for as little as 1,150 and 1,000 each. What's the total surplus in this market? Answer: LAFOL

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Consider the market for computers. The current price of dell computer is $1200.00. Two consumers, Jeff
and Peter, are willing to 1,250 and 1,350, for a new computer. Two electronic stores are willing to sell the
dell computers for as little as 1,150 and 1,000 each. What's the total surplus in this market?
Answer:
300 × (450)

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