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?

Oct 16th, 2017

Potential gain =28-22 = 6

Answer: $6

Nov 9th, 2014

Studypool's Notebank makes it easy to buy and sell old notes, study guides, reviews, etc.
Click to visit
The Notebank
...
Oct 16th, 2017
...
Oct 16th, 2017
Oct 17th, 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