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:

Overdue

Pertaining to something that has not been completed, paid, or returned by its expected or agreed-upon deadline.

Liability

The legal responsibility to settle a debt or compensate for harm caused to someone else, often resulting from actions or negligence.

Agent

An individual or entity authorized to act on behalf of another person or entity in legal or business transactions.

Issuer

An entity that develops, registers, and sells securities to finance its operations.