Posted on Categories:Microeconomics, 微观经济学, 经济代写

# 经济代写|微观经济学代考Microeconomics代写|ECON310 WILLINGNESS TO PAY

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## 经济代写|微观经济学代考Microeconomics代写|WILLINGNESS TO PAY

Imagine that you own a mint-condition recording of Elvis Presley’s first album. Because you are not an Elvis Presley fan, you decide to sell it. One way to do so is to hold an auction.

Four Elvis fans show up for your auction: John, Paul, George, and Ringo. Each of them would like to own the album, but there is a limit to the amount that each is willing to pay for it. Table 7-1 shows the maximum price that each of the four possible buyers would pay. Each buyer’s maximum is called his willingness to pay, and it measures how much that buyer values the good. Each buyer would be eager to buy the album at a price less than his willingness to pay, would refuse to buy the album at a price more than his willingness to pay, and would be indifferent about buying the album at a price exactly equal to his willingness to pay.
To sell your album, you begin the bidding at a low price, say $\$ 10$. Because all four buyers are willing to pay much more, the price rises quickly. The bidding stops when John bids$\$80$ (or slightly more). At this point, Paul, George, and Ringo have dropped out of the bidding, because they are unwilling to bid any more than $\$ 80$. John pays you$\$80$ and gets the album. Note that the album has gone to the buyer who values the album most highly.

What benefit does John receive from buying the Elvis Presley album? In a sense, John has found a real bargain: He is willing to pay $\$ 100$for the album but pays only$\$80$ for it. We say that John receives consumer surplus of $\$ 20$. Consumer surplus is the amount a buyer is willing to pay for a good minus the amount the buyer actually pays for it. Consumer surplus measures the benefit to buyers of participating in a market. In this example, John receives a$\$20$ benefit from participating in the auction because he pays only $\$ 80$for a good he values at$\$100$. Paul, George, and Ringo get no consumer surplus from participating in the auction, because they left without the album and without paying anything.

Now consider a somewhat different example. Suppose that you had two identical Elvis Presley albums to sell. Again, you auction them off to the four possible buyers. To keep things simple, we assume that both albums are to be sold for the same price and that no buyer is interested in buying more than one album. Therefore, the price rises until two buyers are left.

## 经济代写|微观经济学代考Microeconomics代写|USING THE DEMAND CURVE TO MEASURE CONSUMER SURPLUS

Consumer surplus is closely related to the demand curve for a product. To see how they are related, let’s continue our example and consider the demand curve for this rare Elvis Presley album.

## 经济代写|微观经济学代考Microeconomics代写|USING THE DEMAND CURVE TO MEASURE CONSUMER SURPLUS

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## MATLAB代写

MATLAB 是一种用于技术计算的高性能语言。它将计算、可视化和编程集成在一个易于使用的环境中，其中问题和解决方案以熟悉的数学符号表示。典型用途包括：数学和计算算法开发建模、仿真和原型制作数据分析、探索和可视化科学和工程图形应用程序开发，包括图形用户界面构建MATLAB 是一个交互式系统，其基本数据元素是一个不需要维度的数组。这使您可以解决许多技术计算问题，尤其是那些具有矩阵和向量公式的问题，而只需用 C 或 Fortran 等标量非交互式语言编写程序所需的时间的一小部分。MATLAB 名称代表矩阵实验室。MATLAB 最初的编写目的是提供对由 LINPACK 和 EISPACK 项目开发的矩阵软件的轻松访问，这两个项目共同代表了矩阵计算软件的最新技术。MATLAB 经过多年的发展，得到了许多用户的投入。在大学环境中，它是数学、工程和科学入门和高级课程的标准教学工具。在工业领域，MATLAB 是高效研究、开发和分析的首选工具。MATLAB 具有一系列称为工具箱的特定于应用程序的解决方案。对于大多数 MATLAB 用户来说非常重要，工具箱允许您学习应用专业技术。工具箱是 MATLAB 函数（M 文件）的综合集合，可扩展 MATLAB 环境以解决特定类别的问题。可用工具箱的领域包括信号处理、控制系统、神经网络、模糊逻辑、小波、仿真等。