Use the following to answer questions: 
-(Table: Producer Surplus) Look at the table Producer Surplus. If the price of a ticket to see The Nutty Nutcracker is $50, then Francisco's producer surplus is:
Definitions:
Long Run
A time period in which all factors of production and costs are variable, allowing for all inputs to be adjusted.
Profit
The financial gain obtained when the revenue from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity.
Total Revenue
The gross revenue of a company, being the entire sum of income from goods or services sold, prior to the deduction of any costs.
Marginal Cost
The extra expense associated with the production of an additional unit of a product or service.
Q21: (Table: Market for Fried Twinkies) Look at
Q42: Suppose you are told that the short-run
Q79: (Table: Workouts) Look at the table Workouts.
Q82: Domingo has total wealth of $500,000 composed
Q88: (Figure: The Demand Curve for Oil) Look
Q89: A demand curve that is perfectly inelastic
Q141: Suppose the government sets a price floor
Q142: (Figure: Demand and Supply of Gasoline) Look
Q169: (Figure: Price Controls) Look at the graph
Q220: (Figure: Consumer Surplus III) In the figure