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    Exam 8: Application: the Costs of Taxation
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    Scenario 8-1 Assume That Kierra Cleans Cate's House Weekly for $100.Cate Would
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Scenario 8-1 Assume That Kierra Cleans Cate's House Weekly for $100.Cate Would

Question 198

Question 198

Multiple Choice

Scenario 8-1
Assume that Kierra cleans Cate's house weekly for $100.Cate would be willing to pay as much as $125 weekly to have her house cleaned.Kierra's opportunity cost is $80.
-Refer to Scenario 8-1.If Kierra cleans Cate's house,what is the producer surplus


A) $20
B) $25
C) $80
D) $100

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