Jason has an extra ticket to the Super​ Bowl, which he is willing to sell for no less than​ $10,000.  Taylor really wants to go to the Super​ Bowl, and would pay up to​ $50,000. After some​ negotiation, Taylor purchased the ticket from Jason for​ $15,000. Taylor's consumer surplus is​ ____; Jason's producer surplus is​ _____.
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Part 1
A.
​$15,000; $5,000
B.
​$50,000; $10,000
C.
​$35,000; $15,000
D.
​$35,000; $5,000

In this scenario, **consumer surplus** is the difference between what a buyer (Taylor) is willing to pay and what they actually pay. **Producer surplus** is the difference between the price a seller (Jason) receives and the minimum price they are willing to accept.

Given:
- Taylor is willing to pay up to $50,000.
- Taylor pays $15,000.
- Jason is willing to sell for no less than $10,000.
- Jason receives $15,000.

### Consumer Surplus:
Consumer surplus = Maximum willingness to pay - Actual price paid  
\[ \text{Consumer Surplus} = 50,000 - 15,000 = 35,000 \]

### Producer Surplus:
Producer surplus = Actual price received - Minimum acceptable price  
\[ \text{Producer Surplus} = 15,000 - 10,000 = 5,000 \]

Thus, the answer is:
- **Taylor's consumer surplus** = $35,000
- **Jason's producer surplus** = $5,000

The correct answer is:
**D. $35,000; $5,000**

Would you like further clarification or details on this topic? 

Here are 5 related questions:
1. How does consumer surplus change with price?
2. What factors influence a producer's minimum acceptable price?
3. Can consumer surplus ever be negative?
4. How does negotiation affect surplus outcomes?
5. What are other real-world examples of consumer and producer surplus?

**Tip:** Consumer and producer surplus measure economic benefit and can help identify market efficiency.

Jason has an extra ticket to the Super Bowl, which he is willing to sell for no less than $10,000. Taylor really wants to go to the Super Bowl, and would pay up to $50,000. After some negotiation, Taylor purchased the ticket from Jason for $15,000. Taylor's consumer surplus is ____; Jason's producer surplus is ____.
A. $15,000; $5,000
B. $50,000; $10,000
C. $35,000; $15,000
D. $35,000; $5,000

Learn how to calculate consumer and producer surplus with a real-world example of a Super Bowl ticket sale. This problem involves the concepts of willingness to pay, actual price paid, and market negotiation, making it suitable for students in Grades 9-12.

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