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Business, 13.09.2019 03:20 olivia0420

Suppose that michelle buys a cappuccino from paul's cafe and bakery for $4.25 . michelle was willing to pay up to $7.75 for the cappuccino and paul's cafe and bakery was willing to accept $0.75 for the cappuccino. based on this information, answer the questions.
(a) michelle's consumer surplus: $
(b) paul's cafe and bakery's producer surplus: $

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