Practical Application: Miles Standish invented a 60-calorie 6-ounce milk shake, which he sold at his candy store.
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Practical Application: Miles Standish invented a 60-calorie 6-ounce milk shake, which he sold at his candy store. He noticed that each of his customers purchased at least two shakes.
(a) Can you fi gure out how many of his customers were enjoying a consumer surplus?
(b) How could Mr. Standish lower their consumer surplus?
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