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Each person spends 12 hours per day writing poems and

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Suppose Gil can write a poem in 1 hour, Holly can write a poem in 2 hours, and Ivan can write a poem in 3 hours. Each person spends 12 hours per day writing poems and requires a wage of $10 per hour to do so. How much producer surplus per day will there be if the market price for a poem is $24?

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Business Economics: Each person spends 12 hours per day writing poems and

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