Multiple Choice
The following table displays the reservation values of eight buyers and eight sellers, who each want to buy or sell a calculator. You are in charge of deciding which buyer trades (or not) with which seller at what price as you see fit. You could prescribe different prices to each pair of a buyer and a seller.
-Refer to the table above.Suppose you want every buyer to be able to get a calculator without paying more than his or her reservation value.Is it possible? If so,what would be the total surplus?
A) Yes; $0
B) Yes; $12
C) Yes; -$8
D) No.
Correct Answer:
Verified
Correct Answer:
Verified
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