Business, 04.03.2020 01:50 rileyw252

Mr. Noriega paid $700 for each of three suits. Since all of the suits were pleasing to his taste, he would have been willing to pay according to this schedule: $950 for the first suit, $800 for the second suit, and $700 for the third suit. How much was his consumer surplus?a. $100.b. $150.c. $350.d. $250.

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Mr. Noriega paid $700 for each of three suits. Since all of the suits were pleasing to his taste, he...