Company’s Surplus Assignment | Homework For You
June 2nd, 2020
2. Company A Sells boxes full of knowledge. The company’s cost of producing a box is $100, and the price it charges for it is $550. A consumer has a willingness-to-pay of $700.
a. What is the company’s surplus from selling to this consumer?
b. What is the total surplus company’s + consumer’s)?
C. If the price was $400 – what would be the total surplus?Get Finance homework help today