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-(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 box office price of a ticket to see Phantom of the Opera is $130 and there is no other market for tickets,the total consumer surplus for the five students is:
Written Records
Documents that preserve information or events in a written form, serving as a primary source for historical, legal, and administrative purposes.
Haitian Revolution
A successful anti-slavery and anti-colonial insurrection by self-liberated slaves against French colonial rule in Saint-Domingue, now the sovereign nation of Haiti, from 1791 to 1804.
Thomas Jefferson
The third President of the United States (1801-1809), principal author of the Declaration of Independence (1776), and one of the most influential Founding Fathers for his promotion of the ideals of democracy and republicanism.
Independent Nation
A sovereign state with complete autonomy and self-governance, not controlled by any foreign power.
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