Use the Following to Answer Question

question 15

Multiple Choice

Use the following to answer question:
Table 10.1
-(Table 10.1) The table shows each consumer's maximum willingness to pay for a monthly subscription to MLB.TV. Each consumer is interested in purchasing a single subscription per month. The marginal cost of a subscription is $10. If MLB.TV can practice first-degree price discrimination, how much producer surplus will it earn from these consumers?

• A) $97
• B) $40
• C) $57
• D) $107

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Definitions:

Average Total Cost Curve

A graphical representation showing the average total cost of producing different quantities of a good or service.

Industry Demand Curve

A graphical representation showing the total demand for the products or services of a particular industry at various price levels.

Government Franchising

A process by which a government grants a company the exclusive right to operate, produce, or sell a service within a certain area.

Legal Barriers

Restrictions established by law or regulation that control how businesses operate, often to limit competition or protect consumers.