Table 7-6 -Refer to Table 7-6.You Have Two Essentially Identical Extra Tickets

question 430

Multiple Choice

Table 7-6

-Refer to Table 7-6.You have two essentially identical extra tickets to the Midwest Regional Sweet 16 game in the men's NCAA basketball tournament.The table shows the willingness to pay of the four potential buyers in the market for a ticket to the game.You hold an auction to sell the two tickets.Michael and Earvin each offer to pay $360 for a ticket,and you sell them the two tickets.What is the total consumer surplus in the market?

• A) $720
• B) $180
• C) $140
• D) $40

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Definitions:

GABA

Gamma-aminobutyric acid, a neurotransmitter in the brain that plays a key role in regulating nerve excitability and muscle tone.

Sensory Neurons

Nerve cells that transmit sensory information (sight, sound, feeling, etc.) from the body's receptors to the central nervous system.

Afferent

Referring to neurons or pathways that carry sensory information toward the central nervous system.

Efferent

Relating to nerve fibers that carry impulses away from the central nervous system to effectors such as muscles or glands.