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Use the Following to Answer Questions Table: Producer Surplus\text {Table: Producer Surplus}

Question 71

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Use the following to answer questions : Table: Producer Surplus\text {Table: Producer Surplus}

 The table below shows the willingness to sell The Nutty Nutcracker tickets by five students who received their ticket as part of their student activity fees. Assume that each student only has one ticket to sell. Student  Willingness to Sell  Caitlin $1 Dudley 25 Evan 60 Francisco 90 Grace 100\begin{array}{lr}\hline \text { The table below shows the willingness}&\\\text { to sell The Nutty Nutcracker tickets by}&\\\text { five students who received their ticket}&\\\text { as part of their student activity fees. }&\\\text {Assume that each student only has one }&\\\text {ticket to sell.}&\\ \hline \text { Student } & \text { Willingness to Sell } \\\hline \text { Caitlin } & \$ 1 \\\text { Dudley } & 25 \\\text { Evan } & 60 \\\text { Francisco } & 90 \\\text { Grace } & 100\end{array}

-(Table: Producer Surplus) Use Table: Producer Surplus.If the price of a ticket to see The Nutty Nutcracker is $50 and there is no other market for tickets,then the total producer surplus for the five students is:


A) $50.
B) $74.
C) $100.
D) $276.

Correct Answer:

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