Time remaining:
Suppose you are a buyer. Your buyer value for a high-quality good is $35 and for

label Economics
account_circle Unassigned
schedule 1 Day
account_balance_wallet $5

Suppose you are a buyer. Your buyer value for a high-quality good is $35 and for a low-quality good is $28. A seller offers a low-quality good for $22. What is your potential gain or loss?

Nov 9th, 2014

Potential gain =28-22 = 6

Answer: $6

Nov 9th, 2014

Did you know? You can earn $20 for every friend you invite to Studypool!
Click here to
Refer a Friend
...
Nov 9th, 2014
...
Nov 9th, 2014
Jun 24th, 2017
check_circle
Mark as Final Answer
check_circle
Unmark as Final Answer
check_circle
Final Answer

Secure Information

Content will be erased after question is completed.

check_circle
Final Answer