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the amount of deadweight loss for gift giving is...?
same as increase in consumer surplus the recipient gets from receiving the gift
less for gifts with a high selling price and more for gifts with low selling price
is equal to the difference between the gift's price and the marginal cost of the gift
is equal to the difference between the gift's price and the dollar value the recipient places on the gift
1 Answer
- Anonymous10 years ago
I say we all put the money into a pot-luck supper with good family and friends. Crazy card games and actually talk with each other. What do you think???
Source(s): I like the human touch rather than a present. I'm getting older and it means a lot more.