Use the following to answer questions:
-(Table: Consumer Surplus and Phantom Tickets) The table shows Consumer Surplus and Phantom Tickets each student's willingness to pay for a Phantom of the Opera ticket. Assume that each student wants to buy one ticket. If the box office price of a ticket to see Phantom of the Opera is $50 and there is no other market for tickets, the total consumer surplus for the five students is:
A) $100.
B) $175.
C) $230.
D) $240.

Question

Use the following to answer questions: 
-(Table: Consumer Surplus and Phantom Tickets) The table shows Consumer Surplus and Phantom Tickets each student's willingness to pay for a Phantom of the Opera ticket. Assume that each student wants to buy one ticket. If the box office price of a ticket to see Phantom of the Opera is $50 and there is no other market for tickets, the total consumer surplus for the five students is:
A) $100. 
B) $175. 
C) $230. 
D) $240.

Quizplus · Accepted Answer

The Answer of Use the following to answer questions: 
-(Table: Consumer Surplus and Phantom Tickets) The table shows Consumer Surplus and Phantom Tickets each student's willingness to pay for a Phantom of the Opera ticket. Assume that each student wants to buy one ticket. If the box office price of a ticket to see Phantom of the Opera is $50 and there is no other market for tickets, the total consumer surplus for the five students is:
A) $100. 
B) $175. 
C) $230. 
D) $240.

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