Answered>Order 63

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A1. Compute Jeremy’s consumer surplus. Make sure you state exactly how consumer surplus is measured—not just a number, a number of something. In purchasing three hamburgers, is Jeremy behaving rationally or irrationally? Explain your answer.

A2. Compute Latisha’s consumer surplus. Make sure you state how consumer surplus is measured—not just a number, a number of something. In purchasing three hamburgers, is Latisha behaving rationally or irrationally? Explain your answer.