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helpmeplease1 helpmeplease1
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A year ago
Your parents are coming to visit, and your house is a mess. You are willing to pay $45 an hour for someone else to clean your house for you. Your friend, Abe, is willing to accept $60 an hour to clean houses. Suppose you and Abe come to an agreement and you settle on a price of $52.50 an hour and it takes 5 hours to clean your house. What is the consumer surplus? What is the producer surplus? Please round your answer to two decimal places.

▸ $225.00, -$37.50

▸ -$37.50, -$37.50

▸ -$37.50, $300.00

▸ $225.00, $300.00
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Macroeconomics

Macroeconomics


Edition: 3rd
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boomers1234boomers1234
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A year ago
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helpmeplease1 Author
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A year ago
This site is awesome
jakechambo3
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Yesterday
Smart ... Thanks!
apelton
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2 hours ago
Good timing, thanks!
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