Table 7-7 
-Refer to Table 7-7. You have four 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 offer to sell the tickets for $325. How many tickets do you sell, and what is the total consumer surplus in the market?
Definitions:
Purchasing Power Analysis
A technique used to determine the amount of goods or services that can be purchased with a unit of currency.
Retail or Professional Service
Refers to businesses that sell goods directly to consumers or provide specialized professional services, respectively.
Load-Distance Analysis
A mathematical technique used in facility layout planning to minimize the weighted distances between departments or areas within a facility.
Distribution Centre
A facility that stores products for relatively short periods of time and redistributes them to retailers or directly to customers.
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