There Are 100 Consumers, Each of Whom Values a Concert

Multiple Choice

There are 100 consumers, each of whom values a concert ticket at a unique whole number dollar amount between $1 and $100. One customer is willing to pay $1, a second is willing to pay $2, a third is willing to pay $3, and so on. An unlimited number of concert tickets are on sale for $15 each. What is the total consumer surplus in this market?

A) $3,612.50
B) $4,250.00
C) $4,887.50
D) $5,000.00