Patricia decides to buy a pair of boots for $85.00. She was willing to pay $110.00. When her friend Cecilia sees the boots, she loves them and thinks they are worth $170.00. So she offers Patricia $135.00 for the boots, and Patricia accepts. Patricia and Cecilia are both thrilled with the exchange. The total surplus received by both Patricia and Cecilia is $

As a result of a labeling mistake at the chemical factory, a farmer accidentally sprays weedkiller rather than fertilizer on half her land. as a result, she loses half of her productive farmland. if the property of diminishing returns applies to all factors of production, she should expect to seea. a decrease in the marginal productivity of her remaining land and an increase in the marginal productivity of her labor. b. an increase in the marginal productivity of her remaining land and an increase in the marginal productivity of her labor. c. an increase in the marginal productivity of her remaining land and a decrease in the marginal productivity of her labor. d. a decrease in the marginal productivity of her remaining land and a decrease in the marginal productivity of her labor.