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:

Presbyopia

A common age-related condition where the eye loses its ability to focus on nearby objects, often leading to the need for reading glasses.

Hyperopia

A vision condition where distant objects are seen more clearly than near objects because the eyeball is too short or the lens cannot become round enough.

Farsightedness

A common vision condition where distant objects can be seen clearly, but close ones do not come into proper focus.

Convex Lens

A lens that converges light rays to a point, having a curved shape that is thicker in the middle than at the edges, used to correct farsightedness.