Sec2dataEx7

Sec2dataEx7 - Experiment 7 The blue cells have instructions...

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Experiment 7. The blue cel s have instructions. Fil in data in the yel ow cel s. Keep going until you hit the finish line. Table 7.5: Distribution of Demander Types: Sessions 2 and 3. Buyer Number of Value Demanders $21 5 $16 16 $11 8 Below enter the buyer values and prices for the transactions in Session 2. In the worksheet posted on the web, Polo has merged several columns under the price heading. If you select the priceS below that heading, you wil get a number of columns, making this cut and paste deal difficult. So, do this first. Select the price column, then go to "cel s" under the "format" menu. Select "alignment", and find the "merge cel s" box at the lower left of the alignment box. Turn that option off. Now you can copy the price column by itself and paste it in below. buyer val. price 21 15 21 15 21 15 21 15 21 15 16 15 16 15 16 15 16 15 16 15 16 15 16 15 16 15 16 15 16 15 16 15 16 15 16 15 16 15 16 15 16 15 number of units 21 mean price 15 total profits of firms 210 total cons. Surplus 46 total profits 256
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This note was uploaded on 12/25/2011 for the course ECON 1 taught by Professor Bergstrom during the Fall '07 term at UCSB.

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Sec2dataEx7 - Experiment 7 The blue cells have instructions...

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