i need an essay about “this i believe” 1000 to 1100 words for english 1010
March 9, 2021bus math qrb 501 wk4 qu-10
March 9, 2021
- Assume that you were ready to buy a custom tailored Dress (or men’s 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
- 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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