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Poor old Charlie. He seems to start every chapter in the Workouts. Suppose he hasu = xyandan income of 120to allocate between these goods. Prices are pX= land pY= 2. Next month the government will introduce a tax of 3 dollars per unit of x. The approximate change in Charlie's consumer surplus is equal to ___---_and the exact change in his consumer surplus is equal to

Poor old Charlie. He seems to start every chapter in the Workouts. Suppose he hasu = xyandan income of 120to allocate between these goods. Prices are pX= land pY= 2. Next month the government will introduce a tax of 3 dollars per unit of x. The approximate change in Charlie's consumer surplus is equal to ___---_and the exact change in his consumer surplus is equal to

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Poor old Charlie. He seems to start every chapter in the Workouts. Suppose he hasu = xyandan income of 120to allocate between these goods. Prices are pX= land pY= 2. Next month the government will introduce a tax of 3 dollars per unit of x. The approximate change in Charlie's consumer surplus is equal to consumer surplus is equal to and the exact change in his
Transcribed Image Text:Poor old Charlie. He seems to start every chapter in the Workouts. Suppose he hasu = xyandan income of 120to allocate between these goods. Prices are pX= land pY= 2. Next month the government will introduce a tax of 3 dollars per unit of x. The approximate change in Charlie's consumer surplus is equal to consumer surplus is equal to and the exact change in his
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