Question: Practical Application: Miles Standish invented a 60-calorie 6-ounce milk shake, which he sold at his candy store. He noticed that each of his customers purchased
Practical Application: Miles Standish invented a 60-calorie 6-ounce milk shake, which he sold at his candy store. He noticed that each of his customers purchased at least 2 shakes.
(a) Can you figure out how many of his customers were enjoying a consumer surplus?
(b) How could Mr. Standish lower their consumer surplus?
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