Suppose that the price of a bagel is $1.50 each. Leo is willing to pay $4.50 for a bagel. Isa is willing to pay $2.80 for a bagel. Angelica is willing to pay $1.50 for a bagel. Brian is willing to pay $1.20 for a bagel. Ramiro is willing to pay $0.75 for a bagel. What is the total consumer surplus from the consumption of bagels?
a) $0.25
b) -$1.05
c) $1.30
d) $4.30
e) $7.75

Horace society is planning its annual western fair raceway gala. the gala committee has assembled the following expected costs for the event: dinner (per person) $10 gaming token and program (per person) $2 prize payouts $4,300 tickets and advertising $800 private box suite rental $1,700 lottery licenses $200 the committee members would like to charge $40 per person for the evening’s activities.required: 1. what is the break-even point for the dinner-dance (in terms of the number of persons who must attend)? 2. assume that last year only 200 persons attended the dinner-dance. if the same number attend this year, what price per ticket must be charged in order to break even? 3. refer to the original data ($40 ticket price per person). prepare a cvp graph for the dinner- dance from zero tickets up to 600 tickets sold.