Question

Deltra was willing to purchase a dozen cookies for $60 that Deirdre was willing to sell for anything more than $32. If they agreed on a price of $36, how much total value was created in this exchange?

Answer 1

Answer:

$28

Explanation:

The computation of the total value that would be created in the exchange is shown below;

The Deltra surplus is

= Purchase value - agreed price

= $60 - $36

= $24

And, the Deirdre surplus is

= Agreed price - willing to sell

= $36 - $32

= $4

Now the total value created is

= Deltra surplus + Deirdre surplus

= $24 + $4

= $28

Answer 2

Based on the information given the  total value that was created in this exchange is $28.

First step is tom calculate Deltra value

Deltra value=$60-$36

Deltra value=$24

Second step is to calculate  Deirdre value

Deirdre value=$36-$32

Deirdre value=$4

Third step is to calculate the total value

Total value=$24-$4

Total value=$28

Inconclusion  the  total value that was created in this exchange is $28.

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