CoronaQuiz 6

If the price of a ticket to see The Nutty Nutcracker is $50, then Francisco's producer surplus is:

• $0

• $40

• $90

• $240

If a coconut is a normal good and the price of coconuts increases, then the movement that would take place in the model could be:

• B to A

• A to B

• B to E

• E to B

If the price of a ticket to see The Nutty Nutcracker is $50, then Dudley's producer surplus is:

• $0

• $25

• $40

• $50

If the price of a ticket to see The Nutty Nutcracker is $75, then Caitlin's producer surplus is:

• $0

• $74

• $75

• $100

If the price of a ticket to see The Nutty Nutcracker is $75, then Dudley's producer surplus is:

• $15

• $25

• $50

• $100

If the price of a ticket to see The Nutty Nutcracker is $50 and there is no other market for tickets, then total producer surplus for the five students is:

• $50

• $74

• $86

• $100

If the price of a ticket to see The Nutty Nutcracker is $75 and there is no other market for tickets, the total producer surplus for the five students is:

• $40

• $75

• $139

• $190

If the tickets to The Nutty Nutcracker are free and there is no other market for tickets, the total producer surplus for the five students is:

• $0

• $74

• $100

• $276

If fish is a substitute good for coconuts and the price of fish increases, then the movement that would take place in the model could be:

• A to C

• B to A

• B to E

• A to B

If coconuts are considered a normal good and the overall income level of consumers is falling, then the movement that would take place in the model could be:

• A to C

• B to A

• B to E

• A to B