How much consumer surplus does of receive

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Fei, Morgan, and Lakesha are all in the market for new Levi's jeans. The marginal benefit for each pair of jeans per year for each of them is provided in the following table.

(A) If the price of a pair of Levi's jeans is $32, how many pairs ofjeans will each person purchase?

(B) How much consumer surplus does each of them receive from the last pair ofjeans purchased?

(C) How much consumer surplus will each of them receive for each of the pairs they buy at a price of $32?

Reference no: EM133077218

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