My orders
How it works
Examples
Reviews
Blog
Homework Answers
Submit
Sign in
How it works
Examples
Reviews
Homework answers
Blog
Contact us
Submit
Fill in the order form to get the price
Subject
Select Subject
Programming & Computer Science
Math
Engineering
Economics
Physics
Other
Category
Microeconomics
Finance
Accounting
Macroeconomics
Economics of Enterprise
Other
Deadline
Timezone:
Title
*
Task
*
Angie has 12 cookies, and a marginal value curve described by P = 45 - 3QA, while Benny has zero cookies, and a marginal value curve described by P = 44 - QB. a) Draw a three-sided trade diagram, with Benny's marginal value curve going from left to right, and Angie's going from right to left. Be careful to state how wide the diagram is in terms of units of cookies. Draw both marginal value curves in this diagram. b) How might we interpret Angie's marginal value curve in this context? What are their marginal values before trade? c) After trade, how many cookies do each of them have? What is the marginal value of each person after trade? d) If we assume that all cookies traded at a price equal to the final marginal values, what are the consumer and seller surplus from trade?
I need basic explanations
Special Requirements
Upload files (if required)
Drop files here to upload
Add files...
Account info
Already have an account?
Create an account
Name
*
E-mail
*
Password
*
The password must be at least 6 characters.
I agree with
terms & conditions
Create account & Place an order
Please fix the following input errors:
dummy
