Question: 8. Problems and Applications Q8 There are four consumers willing to pay the following amounts for haircuts, and there are four haircutting businesses with the

 8. Problems and Applications Q8 There are four consumers willing to

8. Problems and Applications Q8 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 Firms' Costs Eileen: $35 Firm A: $15 Kate: $10 Firm B: $30 Clancy: $40 Firm C: $20 Hubert: $25 Firm D: $10 Each firm has the capacity to produce only one haircut. For efficiency, should be given. Which businesses should cut hair? Check all that apply. O Firm A O Firm B O Firm C Firm D Which consumers should have their hair cut? Check all that apply. Clancy Eileen O Hubert O Kate The maximum possible total surplus is $

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