Use the following to answer question: 
-(Table: Producer Surplus and Phantom Tickets) The table Producer Surplus and Phantom Tickets shows the minimum price at which each of the students is willing to sell a ticket to Phantom of the Opera.Assume that each student has only one ticket to sell.Given the information in the table,if the price for Phantom tickets is $55,total producer surplus for the five students is:
Definitions:
Operating Loss
This occurs when a company's operating expenses exceed its gross profits, indicating that the business operations are not profitable.
Year 1
Indicates the first year of a specific period of time, operation, or accounting period, setting the baseline for subsequent years.
Net Operating Income
The profit a company makes from its core business operations, excluding deductions of interest and taxes.
Operating Loss
A loss incurred when a company's operating expenses exceed its gross profits or revenues, indicating that the core operations are not profitable.
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