Microeconomics: Principles, Applications, and Tools (8th Edition)

Published by Prentice Hall
ISBN 10: 0-13294-886-9
ISBN 13: 978-0-13294-886-9

Chapter 6 - Market Efficiency and Government Intervention - Exercises - 6.1 Consumer Surplus and Producer Surplus - Page 146: 1.3

Answer

9; 6

Work Step by Step

Tupak is willing to pay 19 but only has to pay 10, so has a surplus of 9. Thurl is willing to pay 16 but only has to pay 10, so has a surplus of 6.
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