Please help with MicroEconomy Homework.

Question 8 2 pts Table: Consumer Surplus This table shows seme Atlanta college students' willingness to pay to see The Nutty Nutcrucker, by the Atlanta Ballet Student Willingness ta Laois H100 Miguel o0 Narum 65 Ohscar S0 Pat 15 Reference. Ref 43 Look at the table Consumer Surplus. Assume that each student wants to buy one ticket. If the tickets to The Nutty Nutcracker are free and there is no other market for tickets, the total consumer surplus for the five students is: O 8150, O 30 O 3320 O $100. Question 9 2 pts Figure: Wireless Mouse Market Price $40 20 15 - 0- 100 150200 300 Quantity Reference: Ref 4.7 Use the graph to calculate consumer surplus when the market is at equilibrium. @ $4.000 O $2,000 O $3,000 $5.000 Question 10 2 pts Table: Economics Textbooks Price the Consumer Consumer Is Willing to Pay Eric $175 Margaret 150 Leah 100 Michael 75 Reference: Ref 4-5 The table Economics Textbooks shows how much money four consumers would be willing to pay for a new economics textbook. If the price of the textbook is $100, what is the total consumer surplus received by these consumers? O $75 O $100 O $125 O $500 Question 11 2 pts Figure: Monthly Demand for Ice Cream Cones Price $15 10 Quantity Reference: Ref 4-6 The graph Monthly Demand for Ice Cream Cones shows one individual's monthly demand for ice cream cones. At $5 per cone, this individual will consume 10 cones in a month. How much consumer surplus does this consumer receive? O $100 O $50 O $500 O $150Question 12 2 pts Figure: Gain in Producer Surplus Price Quantity Reference: Ref 4-16 Look at the figure Gain in Producer Surplus. Which of the following areas represent producer surplus when the price is equal to P2? O A, B, and C O B and C O D. E, and F O D and E Question 13 2 pts Figure: Producer Surplus III Price $6 20 30 40 50 60 Quantity Reference: Ref 4-12 Look at the figure Producer Surplus III. If the price of the good increases from $3 to $4, producer surplus will increase by: O $35. O $15. O $5.Question 14 2 pts Figure: Market for Hamburgers Prica of | hamburger $5.00 450 400 - 3504 0 100 200 300 400 500 50O 70D BOO Quantity of hamburgers (per weak) Reference: Rel 48 The figure The Market for Hamburgers shows the weekly market for hamburgers in Irvine, Kentucky. If the price of burgers falls from $1.50 to $1.00. there is a loss in producer surplus. How much of the loss accrues because of the change in the quantity supplied? 0O %75 O %45 O $150 O 590 Question 15 2 pts Table: Producer Surplus and Phansom Tickets Tim 31 Laura 30 Whitney 50 Ralph 100 Rick 150 Reference: Ref 4-13 The table Producer Surplus and Phantom Tickets shows the minimum price at which each of the students is willing to sell a ticket to Phantom of the Opera. Assume that each student has only one ticket to sell. Given the information in the table, if these students can sell their Phantom tickets for only 5, then: O the total producer sumplus for the five students will be $4. & Laura, Whitney, Ralph, and Rick will sell their tickets. Tim will be the only student not to sell his ticket. ) the total producer surplus for the five students will be 330, Question 16 2pts Figure: The Market for Sandwiches Price $15 B 10 Quantity Reference: Ref 4-15 Look at the figure The Market for Sandwiches. At the competitive price of $5, 10 sandwiches are sold. At this competitive price, consumer surplus equals and producer surplus equals ) $50: $50 O $100; $25 O 850,525 O $100: $50 Question 20 Figure: Demand Curves 2 pts P (A) (B) (C) (D) Reference: Ref 6-4 Look at the figure Demand Curves. Which graph shows a perfectly elastic demand curve? OB OC OD OA