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25. Assume that Kierra cleans Cate's house weekly for $100. Cate would be willing to pay as much as $125 weekly to have her house
25. Assume that Kierra cleans Cate's house weekly for $100. Cate would be willing to pay as much as $125 weekly to have her house cleaned. Kierra's opportunity cost is $80.
If Kierra cleans Cate's house, what is the producer surplus?
a. $20
b. $25
c. $80
d. $100
28. Assume that Kierra cleans Cate's house weekly for $100. Cate would be willing to pay as much as $125 weekly to have her house cleaned. Kierra's opportunity cost is $80.
If Kierra cleans Cate's house, what is the consumer surplus?
a. $25
b. $80
c. $100
d. $125
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