Marquis are all planning to go to the Taylor Swift Eras tour. Marquis is a huge Taylor Swift fan and has already seen the Eras tour twice. He is willing to pay $1000 to see it again. Ellie and Nate haven't ever been to see her before. Ellie is willing to pay $500 for a ticket, and Nate is willing to pay $300 for a ticket. a) If tickets cost $250 and anyone who wanted a ticket could purchase one, what would their total consumer surplus be?

Answer rating: 100% (QA)

To calculate the total consumer surplus for Marquis Ellie and Nate we first need to determine how mu... View the full answer