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The Following Table Describes the Reservation Prices and Four Bids

Question 9

Multiple Choice

The following table describes the reservation prices and four bids for an auction of three tickets to the recent Madonna concert. The following table describes the reservation prices and four bids for an auction of three tickets to the recent Madonna concert.   If the marginal cost of providing a seat for one more Madonna fan is $0,the total producer surplus that results from this auction is: A)  $0. B)  $297. C)  $1,803. D)  $2,100. E)  none of the above.
If the marginal cost of providing a seat for one more Madonna fan is $0,the total producer surplus that results from this auction is:


A) $0.
B) $297.
C) $1,803.
D) $2,100.
E) none of the above.

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