Use the Following to Answer Question

question 159

Multiple Choice

Use the following to answer question:
-(Table: Producer Surplus and Phantom Tickets) The table Producer Surplus and Phantom Tickets shows the minimum price at which each of the students is willing to sell a ticket to Phantom of the Opera.Assume that each student has only one ticket to sell.If the price for Phantom tickets is $55,which student has the highest individual producer surplus?

• A)Tim
• B)Laura
• C)Rick
• D)Ralph

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Definitions:

Consumer Credit Transaction

A transaction between a seller/creditor and a consumer where credit is offered or extended to the consumer for the purchase of goods, services, property, or money.

FCC's Open Internet Rules

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