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You are thinking about renting a room in a house next year with three of...

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Basic Math

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You are thinking about renting a room in a house next year with three of your friends For each month s rent you are willing to pay 530 your first friend is willing to pay 500 your second friend is willing to pay 560 and your third friend is willing to pay 560 The landlord agrees to offer each of you separate leases but will charge you all the same price 500 You decide this is a good deal so you and your friends move in A couple of months later you learn from someone who knows the landlord that he would have been willing to rent each room for 450 per month V 2nd attempt Part 1 1 point transcript What is the amount of producer surplus per month 200 Part 2 1 point Itranscript What is the amount of total consumer surplus per month Part 3 1 point See Hint See Hint See Hint

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