The table below shows four buyers' willingness to pay for a ticket to a Liverpool football match. Buyer Paul John Ringo George Willingness to pay $100 $80 $60 $40 How much total consumer surplus will the four of them receive if the price of a ticket to a Liverpool football match is $50? $

The table below shows four buyers' willingness to pay for a ticket to a Liverpool football match. Buyer Paul John Ringo George Willingness to pay $100 $80 $60 $40 How much total consumer surplus will the four of them receive if the price of a ticket to a Liverpool football match is $50? $

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

The table below shows four buyers' willingness to pay for a ticket to a Liverpool football match.
Buyer
Paul
John
Ringo
George
Willingness to pay
$100
$80
$60
$40
How much total consumer surplus will the four of them receive if the price of a ticket to a Liverpool football match is $50?
$

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