Assume that Falda and Varick can switch between producing wheat and producing cloth at a constant rate. Quantity Produced in 1 Hour Bushels of Wheat Yards of Cloth 8 12 6 15 Falda Varick 1. Refer to Table 3-11. Assume that Falda and Varick each has 1 hour available. If each person divides hi time equally between the production of wheat and cloth, then total production is a. b. C. d. 4 bushels of wheat and 7.5 yards of cloth. 7 bushels of wheat and 13.5 yards of cloth. 8 bushels of wheat and 15 yards of cloth. 14 bushels of wheat and 27 yards of cloth.

Q: c. How much total consumer surplus will each of them receive at a price of $32?

A: Last parts C and d are answered below:

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