There are four consumers willing to pay the following 11eb7434_848c_4a76_a720_9bacf4f38a46_SM2465_00 There are four haircutting businesses with the following costs: 11eb7434_848c_4a77_a720_b18250c9d023_SM2465_00 Each firm has the capacity to produce only one haircut. For efficiency, how many haircuts should be given? Which businesses should cut hair and which consumers should have their hair cut? How large is the maximum possible total surplus?

Essentials of Economics 7th Edition by Gregory Mankiw

النسخة 7الرقم المعياري الدولي: 978-1285165950

Essentials of Economics 7th Edition by Gregory Mankiw

النسخة 7الرقم المعياري الدولي: 978-1285165950

تمرين 10

There are four consumers willing to pay the following

There are four haircutting businesses with the following costs:

Each firm has the capacity to produce only one haircut. For efficiency, how many haircuts should be given? Which businesses should cut hair and which consumers should have their hair cut? How large is the maximum possible total surplus?

التوضيح

موثّق

Efficient allocation:
Allocation of pro...