Suppose your yearly demand for razors is Q = 32 - 4P. There is a subscription service that charges $2.00 per razor plus an annual membership fee.

a) What is the most that you would be willing to pay for the annual membership fee? Solve for the most that you would be willing to pay for the annual membership fee.

b) For this razor subscription service, how much consumer surplus would you receive if the annual membership fee were $50?