Joe has ten baseball gloves and Sue has none. A baseball glove costs - ProProfs Discuss
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Joe has ten baseball gloves and Sue has none. A baseball glove costs $50 to produce. If Joe values an additional baseball glove at $100 and Sue values a baseball glove at $40, then to maximize



A. Efficiency, Joe should receive the glove
B. Efficiency, Sue should receive the glove
C. Consumer surplus, both should receive a glove
D. Equity, Joe should receive the glove

This question is part of Microeconomics [Ch.
Asked by Emy_, Last updated: Sep 16, 2018

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1 Answer

John Smith

John Smith

Answered on Mar 05, 2017

Efficiency, Joe should receive the glove
 Reply

John Adney

John Adney

Why? Can you explain?

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