There are four consumers willing to pay the following amounts for haircuts, and there are four haircutting businesses with the following costs: Consumers' Willingness to Pay
Gloria: $7
Jay: $2
Claire: $8
Phil: $5
Firms' Costs
Firm A: $3
Firm B: $6
Firm C: $4
Firm D: $2
Each firm has the capacity to produce only one haircut.
For efficiency, should be given.
Which businesses should cut hair?
a. Firm A
b. Firm B
c. Firm C
d. Firm D
Which consumers should have their hair cut?
a. Claire
b. Gloria
c. Jay
d. PhilThe maximum possible total surplus is $.