Multiple Choice
Table 4-5
-Refer to Table 4-5. The table above lists the highest prices five consumers are willing to pay for a concert ticket. If the price of one of the tickets is $36,
A) Violet and Walter will each buy two tickets.
B) Walter will receive $4 of consumer surplus from buying one ticket.
C) Violet and Walter receive a total of $52 of consumer surplus from buying one ticket each. No one else will buy a ticket.
D) Xavier, Yolanda, and Zachary will receive a total of $68 of consumer surplus since they will buy no tickets.
Correct Answer:

Verified
Correct Answer:
Verified
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Q277: Table 4-8<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7397/.jpg" alt="Table 4-8
Q279: Figure 4-7 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7397/.jpg" alt="Figure 4-7
Q283: Figure 4-10 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7397/.jpg" alt="Figure 4-10