EBK MICROECONOMICS
EBK MICROECONOMICS
12th Edition
ISBN: 8220100659454
Author: PARKIN
Publisher: PEARSON
Question
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Chapter 5, Problem 16APA

(a)

To determine

Identify the maximum price per consumer willing to pay for the 200th sandwich.

(b)

To determine

Identify the minimum price that each producer is willing to accept for the 200th sandwich.

(c)

To determine

Identify the value of total surplus, if 200 sandwiches are available per day.

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