Use the Following to Answer Questions $\text {Table: Producer Surplus}$

question 117

Multiple Choice

Use the following to answer questions : $\text {Table: Producer Surplus}$

$\begin{array}{lr}\hline \text { The table below shows the willingness}&\\\text { to sell The Nutty Nutcracker tickets by}&\\\text { five students who received their ticket}&\\\text { as part of their student activity fees. }&\\\text {Assume that each student only has one }&\\\text {ticket to sell.}&\\ \hline \text { Student } & \text { Willingness to Sell } \\\hline \text { Caitlin } & \$ 1 \\\text { Dudley } & 25 \\\text { Evan } & 60 \\\text { Francisco } & 90 \\\text { Grace } & 100\end{array}$

-(Table: Producer Surplus) Use Table: Producer Surplus.If the price of a ticket to see The Nutty Nutcracker is $50 and there is no other market for tickets,then the total producer surplus for the five students is:

• A) $50.
• B) $74.
• C) $100.
• D) $276.

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Definitions:

Cannon-Bard Theory

A theory of emotion that argues that physiological arousal and the emotional experience occur simultaneously and independently.

Two-Factor Theory

A psychological theory proposing that emotional experiences arise from physiological arousal followed by the attribution of a cause for that arousal.

James-Lange Theory

A conceptual framework suggesting that physiological responses to incidents cause emotions to emerge.

Spillover Effect

The phenomenon where an experience or emotion in one area of life influences feelings or behaviors in another area.