Sean is a community college student and has been saving his tips from his job waiting tables at a restaurant for months to see Hamilton . He is willing to pay $705 for a ticket. Anca has seen Hamilton five times already, but wants to see it again before heading to Europe for a month. She is willing to pay $1,250 for a ticket. There is one ticket left, and the seller is charging $700. Does Sean or Anca buying the ticket lead to a more economically efficient outcome?

Learning Objective 5.2 Measure the economic surplus generated in a market.