Question:8. Problems and Applications Q8 There are four consumers willing to pay the following amounts for...

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

Consumers' Willingness to Pay Andrew:$50 Darnell: $35 Eleanor: $25 Beth: $40 Firms' Costs Firm A:$25 Firm B: $40 Firm C: $30 Firm D: $45

Each firm has the capacity to produce only one haircut.

For efficiency, (0,1,2,3,4, haircut)should be given.

Which businesses should cut hair? Check all that apply.

Firm A

Firm B

Firm C

Firm D

Which consumers should have their hair cut? Check all that apply.

Andrew

Beth

Darnell

Eleanor

The maximum possible total surplus is $________.