1. [The Competitive Equilibrium Model—Deriving Demand] Evan and Mathias’s total willingness to pay for chocolate chip co

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1. [The Competitive Equilibrium Model—Deriving Demand] Evan and Mathias’s total willingness to pay for chocolate chip co

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1. [The Competitive Equilibrium Model—Deriving Demand] Evan andMathias’s total willingness to pay for chocolate chip cookies isgiven in the following table. Note that they can only consume theseparticular integer amounts of cookies:
Number of cookies
Evan
Mathias
1
$4
$8
2
$5
$15
3
$5
$18
4
$4
$20
What are Evan and Mathias’s individual consumer surpluses if theprice of a cookie is $2? What is the total consumer surplus in themarket?
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