Business, 15.10.2019 23:00 dontworry48

Jen values her time at $60 an hour. she spends 2 hours giving colleen a massage. colleen was willing to pay as much at $300 for the massage, but they negotiate a price of $200. in this transaction,
a. consumer surplus is $20 larger than producer surplus.
b. consumer surplus is $40 larger than producer surplus.
c. producer surplus is $20 larger than consumer surplus.
d. producer surplus is $40 larger than consumer surplus.

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