Use the Following to Answer Question

question 4

Multiple Choice

Use the following to answer question:
-(Table: Consumer Surplus and Phantom Tickets) The table Consumer Surplus and Phantom Tickets shows each student's willingness to pay for a Phantom of the Opera ticket.Assume that each student wants to buy one ticket.If the price of a ticket to see Phantom of the Opera is $50,then Robert's consumer surplus is:

• A)$60.
• B)$50.
• C)$10.
• D)$240.

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Definitions:

Psi

Pounds per square inch, a unit of pressure measurement used to quantify the force exerted in a given area, commonly used in measuring tire and air system pressures.

Atmospheric Pressure

The pressure exerted by the weight of the atmosphere at any given point, usually measured in millibars (mb) or inches of mercury (Hg).

Sea Level

The average height of the ocean's surface between high and low tide, used as a reference point for measuring elevations and atmospheric pressure.

Fluid

A substance that has fluidity; that is, it lacks definite shape and both flows readily and yields to the slightest pressure. Most liquids and gases are fluids.