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Suppose a student is willing to pay $30/hour for up to 10 hours of tutoring and a tutor is willing to tutor for $16/hour. (a)
Suppose a student is willing to pay $30/hour for up to 10 hours of tutoring and a tutor is willing to tutor for $16/hour.
(a) What is the amount of economic welfare created by the student buying tutoring services from the tutor?
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