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Business, 07.10.2021 16:50 mary9664

For each of the scenarios, calculate the surplus and indicate if it is a producer surplus or a consumer surplus. Alice is willing to spend $30 on a pair of jeans, and has a coupon for $10 off which she found online. She selects and purchases a $35 pair of jeans which cost $35 pre-discount. Alice has aproducer surplus. consumer surplus. Alice's surplus: $5Nicole has a hockey puck from the 2010 Winter Olympic Games and puts it up for sale on eBay. She will only sell the puck if the winning bid is greater than or equal to $500 . After bidding closes, the last bid stands at $500 .Nicole has aconsumer surplus. producer surplus. Nicole's surplus: $0Claire is trying to sell her used calculus textbook online. She asks for $150 or best offer, and is willing to sell for anything over $100 . She is able to sell it for $125 .Claire has aconsumer surplus. producer surplus. Claire's surplus: $Roy is willing to pay $2.50 for a sports drink. He puts $5.00 into the vending machine and pushes the button for the sports drink without noticing that the price has increased to $2.75 until he counts the change he gets back. Roy has aproducer surplus. consumer surplus.

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For each of the scenarios, calculate the surplus and indicate if it is a producer surplus or a consu...
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