John is willing to pay up to 450 for one vanilla ice cream, Financial Management

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John is willing to pay up to 450 for one vanilla ice cream

John is willing to pay up to $4.50 for one vanilla ice cream cone. Frozen Laredo, on the other hand, incurs a cost of $1.85 to serve one vanilla ice cream cone. If the market price is $3.10 per vanilla ice cream cone, how are consumer surplus and producer surplus? Explain.

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Financial Management: John is willing to pay up to 450 for one vanilla ice cream

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Financial Management: John is willing to pay up to 450 for one vanilla ice cream

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