Question: Use the table to work on Problems 5 to 7 . The table gives the supply schedules of the only sellers of hot air balloon

Use the table to work on Problems 5 to 7.
The table gives the supply schedules of the only sellers of hot air balloon rides: Xavier, Yasmin, and Zack.
\table[[\table[[Price],[(dollars],[per ride)]],\table[[Quantity supplied],[(rides]],per]]
a. Construct the market supply schedule.
b. What are the minimum prices that Xavier, Yasmin, and Zack are willing to accept to supply 20 rides? Why?
a. What is the marginal social cost when the total number of rides is 30?
b. What is the marginal cost for each supplier when the total number of rides is 30 and how many rides does each of the firms supply?
When the price is $70 a ride, what is each seller's producer surplus? What is the market producer surplus?
Use the table to work on Problems 5 to 7 . The

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