Supply curves have to reflect all costs of production, and demand curves need to reflect consumers" full willingness come pay


You are watching: Refer to the diagram. if actual production and consumption occur at q3:

is the difference between the maximum price consumers room willing to pay because that a product and lower equilibrium price
is the difference between the minimum prices producers room willing to expropriate for a product and also the greater equilibrium price.
Jennifer buys a piece of costume jewelry because that $33 because that which she to be willing to salary $42. The minimum acceptable price come the seller, Nathan, was $30. Jennifer experiences:
Amanda buys a ruby for $330 for which she was willing to pay $340. The minimum acceptable price to the seller, Tony, to be $140. Amanda experiences:
Answer the concern on the communication of the following information for a public good. Pa and Pb are the price that individuals A and also B space willing come pay for the last unit that a windy good, quite than perform without it. These world are the just two members the society. Refer to the data. The cumulative willingness the this culture to pay for the second unit the this public great is:
})}else;window.location.assign("https://urbanbreathnyc.com/explanations/textbook-solutions/principles-of-economics-8th-edition-9781305585126");">

})}else;window.location.assign("https://urbanbreathnyc.com/explanations/textbook-solutions/cambridge-igcse-business-studies-4th-edition-9781444176582");">
*

})}else;window.location.assign("https://urbanbreathnyc.com/explanations/textbook-solutions/principles-of-economics-8th-edition-9781337516860");">

})}else;window.location.assign("https://urbanbreathnyc.com/explanations/textbook-solutions/online-learning-center-to-accompany-essentials-of-investments-8th-edition-9780077246006");">
*

Online Learning facility to accompany Essentials of Investments8th EditionAlan J. Marcus, Alex Kane, Zvi Bodie


See more: Cicely Tyson And Billy Dee Williams And Cicely Tyson Married

window.urbanbreathnyc.com<"productClickLinkData"> = <"name":"Chapter 04 sector Failures: windy Goods and Externalities set A","id":"367109741","price":"","category":"premium content","variant":"study guide","position":"","brand":"G01655388">; QLoad("urbanbreathnyc.com.productClickLinkData"); return;})}elsewindow.urbanbreathnyc.com<"productClickLinkData"> = <"name":"Chapter 04 industry Failures: publicly Goods and Externalities collection A","id":"367109741","price":"","category":"premium content","variant":"study guide","position":"","brand":"G01655388">; QLoad("urbanbreathnyc.com.productClickLinkData"); return;;window.location.assign("https://urbanbreathnyc.com/367109741/chapter-04-market-failures-public-goods-and-externalities-set-a-flash-cards/");" id="1-367109741">