tag:blogger.com,1999:blog-6718520382772817882.post6576040563273209890..comments2015-11-17T20:40:31.116-06:00Comments on The Economics of Organizations - fall 2015: Excel Homework Due 10/27 at 11 PM.Professor Arvanhttp://www.blogger.com/profile/15256000730474030475noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-6718520382772817882.post-87816307642879489532015-10-27T18:04:04.022-05:002015-10-27T18:04:04.022-05:00Got it, thanks.Got it, thanks.Peter Diamond Econ 490https://www.blogger.com/profile/00848618612815740966noreply@blogger.comtag:blogger.com,1999:blog-6718520382772817882.post-57757866024754618532015-10-27T17:58:44.958-05:002015-10-27T17:58:44.958-05:00Note that there is some discussion after each ques...Note that there is some discussion after each question. That discussion has some of the algebra in it. See if you can figure it out from that.Professor Arvanhttps://www.blogger.com/profile/15256000730474030475noreply@blogger.comtag:blogger.com,1999:blog-6718520382772817882.post-89938191564096257082015-10-27T17:56:41.942-05:002015-10-27T17:56:41.942-05:00How do you find the price that maximizes the selle...How do you find the price that maximizes the sellers gains from trade when you're just given cost?Peter Diamond Econ 490https://www.blogger.com/profile/00848618612815740966noreply@blogger.comtag:blogger.com,1999:blog-6718520382772817882.post-15035103984904963462015-10-27T17:48:37.145-05:002015-10-27T17:48:37.145-05:00ThanksThanksPeter Diamond Econ 490https://www.blogger.com/profile/00848618612815740966noreply@blogger.comtag:blogger.com,1999:blog-6718520382772817882.post-38645052382409686782015-10-27T17:46:09.557-05:002015-10-27T17:46:09.557-05:00The gains from trade = v - c. When the price is p...The gains from trade = v - c. When the price is p, the seller gets surplus of p - c and the buyer gets surplus of v - p. What value of p makes those equal?Professor Arvanhttps://www.blogger.com/profile/15256000730474030475noreply@blogger.comtag:blogger.com,1999:blog-6718520382772817882.post-64763012553241243212015-10-27T17:42:22.223-05:002015-10-27T17:42:22.223-05:00Where can I find out what to do?Where can I find out what to do?Peter Diamond Econ 490https://www.blogger.com/profile/00848618612815740966noreply@blogger.comtag:blogger.com,1999:blog-6718520382772817882.post-24594737476914098462015-10-27T17:32:21.512-05:002015-10-27T17:32:21.512-05:00Remember that the price will be somewhere between ...Remember that the price will be somewhere between the seller's cost and the buyer's value. The gains from trade measures the difference between these two, but you need to do something else to get the level of the price correct. Professor Arvanhttps://www.blogger.com/profile/15256000730474030475noreply@blogger.comtag:blogger.com,1999:blog-6718520382772817882.post-24522141893501129342015-10-27T16:38:23.103-05:002015-10-27T16:38:23.103-05:00I'm having trouble figuring out the price that...I'm having trouble figuring out the price that accomplishes equal gains from trade. I think it should just be gains from trade divided by two, but that doesn't work. Any thoughts?Peter Diamond Econ 490https://www.blogger.com/profile/00848618612815740966noreply@blogger.com