Vikas

AB/224 AB224 AB 224 Unit 4 Discussion

AB 224 Unit 4 Discussion

Topic 1 Discussion topic: Tailored Clothes
1. Assume that you were ready to buy a custom tailored dress (or men- suit) and you are prepared to pay up to $200 for it. Also assume that the tailor is prepared to sell that item of clothing for as little as $100. 

When you arrive at the tailor shop, the posted price for the item is $150. Discuss how this scenario relates to producer and consumer surplus and how such surpluses, if any, affect buying and manufacturing decisions

2. Discuss any recent purchases you have made and for which you feel that a similar rational seemed to be at work.

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14 Jun 2016

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  1. Vikas

    AB/224 AB224 AB 224 Unit 4 Discussion

    AB/224 AB224 AB 224 Unit 4 DiscussionAB/224 AB224 AB 224 Unit 4 Discussion ****** ******
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