Illustrate what is the largest total surplus of all

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Reference no: EM13354155

Illustrate what is the largest total surplus of all transactions that can be accomplished? Person Maximum Price Willing to Pay Person Minimum Acceptable Price Bob $14 Carlos $3 Barb 12 Courtney 4 Bill 11 Chuck 5 Bart 10 Cindy 6 Brent 9 Craig 7 Betty 8 Chad 8 Instructions: Enter a whole number as your answer. What is the total surplus if Bob buys a unit from Carlos? Instructions: Enter a whole number as your answer. What is the total surplus if Barb buys a unit from Courtney? Instructions: Enter a whole number as your answer. What is the total surplus if Bob buys a unit from Chad? Instructions: Enter a whole number as your answer, if you match up pairs of buyers and sellers so as to maximize the total surplus of all transactions?

Reference no: EM13354155

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