Home / Expert Answers / Economics / an-auction-on-ebay-results-in-a-final-price-of-24-for-an-original-vhs-copy-of-the-well-received-fil-pa229

(Solved): An auction on eBay results in a final price of $24 for an original VHS copy of the well-received fil ...



An auction on eBay results in a final price of $24 for an original VHS copy of the well-received film “Predator.” The seller of the video tape of the 1987 classic values the copy at $5. Meanwhile, the buyer (an avid collector of 80’s action films), has a top dollar of $33. In this case, the buyer has a surplus of $ , the seller’s surplus is $ , and the total surplus created by the transaction is $ . For simplicity, assume eBay does not charge a fee for its services.



We have an Answer from Expert

View Expert Answer

Expert Answer


We have an Answer from Expert

Buy This Answer $5

Place Order

We Provide Services Across The Globe