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Table 7-3

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-Refer to Table 7-3

Question 128

Multiple Choice

Table 7-3


 Buyer  Willingness to Pay for a  Baseball Game Ticket  (Dollars)   Nancy 10 Tom 15 David 20 Alexa 25 Eric 30 Chen 35\begin{array}{|c|c|}\hline \text { Buyer } & \begin{array}{c}\text { Willingness to Pay for a } \\\text { Baseball Game Ticket } \\\text { (Dollars) }\end{array} \\\hline \text { Nancy } & 10 \\\hline \text { Tom } & 15 \\\hline \text { David } & 20 \\\hline \text { Alexa } & 25 \\\hline \text { Eric } & 30 \\\hline \text { Chen } & 35 \\\hline\end{array}

-Refer to Table 7-3. If you have 3 (essentially) identical tickets that you sell to the group in an auction, assuming that each person can only buy one ticket, which of the following is closest to the selling price for each ticket?


A) $11
B) $21
C) $16
D) $35

Correct Answer:

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