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 $75, then Dudley's producer surplus is:
Definitions:
Conditional Probabilities
Probabilities of events given the occurrence of some other event.
Likelihood Probabilities
The probabilities that reflect the plausibility of different parameter values given the observed data, used in statistical inference.
Posterior Probabilities
The probabilities assigned to outcomes or hypotheses after taking into account known data and a priori probabilities.
Prior Probabilities
Represent the probabilities of different outcomes before any evidence is considered, often used in Bayesian statistics.
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