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Table: Producer Surplus and Phantom Tickets Student Tim Laura Whitney Ralph Rick Willingness to Sell $1 $30 $50 $100 $150 Reference: Ref 4-8 Table: Producer
Table: Producer Surplus and Phantom Tickets Student Tim Laura Whitney Ralph Rick Willingness to Sell $1 $30 $50 $100 $150 Reference: Ref 4-8 Table: Producer Surplus and Phantom Tickets (Table: Producer Surplus and Phantom Tickets) 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. If the price for Phantom tickets is $55, which student has the highest individual producer surplus? Select one a. Tim b. Rick c. Ralph d. Laura
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