Table 7-4 the Numbers in Table 7-1 Reveal the Maximum Willingness to Willingness

question 56

Multiple Choice

Table 7-4
The numbers in Table 7-1 reveal the maximum willingness to pay for a ticket to a Chicago Cubs vs. St. Louis Cardinal's baseball game at Wrigley Field.
-Refer to Table 7-4. If tickets sell for $40 each, then what is the total consumer surplus in the market?

• A)$90.
• B)$30.
• C)$70.
• D)$110.

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Definitions:

Tongue

A muscular organ in the mouth that aids in tasting, swallowing, and speech.

Phalangeal Bones

The bones that form the fingers and toes of the human body, divided into proximal, middle, and distal segments.

Interphalangeal Joints

Hinge joints found between the phalanges (bones) of the fingers and toes, allowing for bending and straightening movements.

Femur

The longest and strongest bone in the human body, extending from the hip to the knee.