Price (dollars per ticket) The figure on the right shows that for the 8,000th ticket, the marginal benefit is _and the consumer surplus is 140 O A. $70; $40 O B. $150,000; $40 OC. $60; $20 O D. $60; $150,000 O E. $40; $60 120 100 Market price 80 60 40 20
Price (dollars per ticket) The figure on the right shows that for the 8,000th ticket, the marginal benefit is _and the consumer surplus is 140 O A. $70; $40 O B. $150,000; $40 OC. $60; $20 O D. $60; $150,000 O E. $40; $60 120 100 Market price 80 60 40 20
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
![The figure on the right shows that for the 8,000th ticket, the marginal benefit is
and the consumer surplus is
Price (dollars per ticket)
140
O A. $70; $40
120
O B. $150,000; $40
C. $60; $20
O D. $60; $150,000
O E. $40; $60
100
Market
price
80
60
40
20
:D
0 2 4 6 8 10 12 14 16](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe6c3dd12-1646-4818-a27c-059c947db474%2Fd28e2846-f255-4808-a269-593d62c3aa7c%2F9ijg4zw_processed.png&w=3840&q=75)
Transcribed Image Text:The figure on the right shows that for the 8,000th ticket, the marginal benefit is
and the consumer surplus is
Price (dollars per ticket)
140
O A. $70; $40
120
O B. $150,000; $40
C. $60; $20
O D. $60; $150,000
O E. $40; $60
100
Market
price
80
60
40
20
:D
0 2 4 6 8 10 12 14 16
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