Principles of Economics EC 1 UCLA Dr. Bresnock Quiz 5Choose the best answer to each question and mark it on your answer form. Use the following to answer Question 1: Table: Consumer SurplusThis table shows some Atlanta college students' willingness to pay to see The Nutty Nutcrackerby the Atlanta Ballet. Student Willingness to Pay Lois $100Miguel 90Narum 65Oscar 50Pat 151. If the box-office price of a ticket to see The Nutty Nutcrackeris $50 and there is no other market for tickets, then total consumer surplus for the five students is: A) $105. B) $130. C) $270. D) $320. A) B) C) D) 2. When there is a bountiful harvest of grapefruit, total consumer surplus in the grapefruit market: A) B)
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