Gus tutors George in economics for 2 hours, and Gus values his time at $40 an...
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Gus tutors George in economics for 2 hours, and Gus values his time at $40 an hour. George is willing to pay up to $130 for a tutoring session. What is the value of consumer surplus, relative to producer surplus, if George pays only $100 for a tutoring session? Instructions: Enter your answer as a whole number. Consumer surplus will be (Click to select) than producer surplus by $[ Gus tutors George in economics for 2 hours, and Gus values his time at $40 an hour. George is willing to pay up to $130 for a tutoring session. What is the value of consumer surplus, relative to producer surplus, if George pays only $100 for a tutoring session? Instructions: Enter your answer as a whole number. Consumer surplus will be (Click to select) than producer surplus by $[
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