John is looking to sell his car and Mary is looking to buy it. John values the car at $2000 and Mary values it at $3000.

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

John is looking to sell his car and Mary is looking to buy it. John values the car at $2000 and Mary values it at $3000.

Post by answerhappygod »

John Is Looking To Sell His Car And Mary Is Looking To Buy It John Values The Car At 2000 And Mary Values It At 3000 1
John Is Looking To Sell His Car And Mary Is Looking To Buy It John Values The Car At 2000 And Mary Values It At 3000 1 (34.4 KiB) Viewed 14 times
John is looking to sell his car and Mary is looking to buy it. John values the car at $2000 and Mary values it at $3000. John offers to sell it to Mary at a price of $3500. Which of the following is true: O Mary will accept the offer and the total surplus will be $1000 Mary will not accept the offer and the total surplus yill be 0. O Mary will accept the offer but the total surplus will be less than $1000 O Mary will not accept the offer and the total surplus will be $1000. O None of the above
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Post Reply