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8. Problems and Applications Q8 There are four consumers willing to pay the following amounts for haircuts, and there are four haircutting businesses with the

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8. Problems and Applications Q8 There are four consumers willing to pay the following amounts for haircuts, and there are four haircutting businesses with the following costs: Consumers' Willingness to Pay Firms' Costs Eileen: $35 Firm A: $15 Kate: $10 Firm B: $30 Clancy: $40 Firm C: $20 Hubert: $25 Firm D: $10 Each firm has the capacity to produce only one haircut. For efficiency, should be given. Which businesses should cut hair? Check all that apply. O Firm A O Firm B O Firm C Firm D Which consumers should have their hair cut? Check all that apply. Clancy Eileen O Hubert O Kate The maximum possible total surplus is $

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