Answer:
<h2>$80</h2>
Explanation:
Step one:
What is consumer surplus area?
"Consumer Surplus reflects the difference between what a consumer is willing and able to pay for a product, and what the consumer actually ends up paying.
"
<em>The area of surplus is calculated using the formula for the area of the bounded triangle.</em>
<em>Area of surplus =1/2 b*h</em>
<em>where b= the quantity </em>
<em> h= consumer surplus</em>
Step two:
given data
<em>the quantity </em>of tickets = 4
b=Q-O------------ (from the chart attached)
cost per tieckt= $15
Total cost of 4 tickets= 15*4= $60
the actual price is $60
Since you are willing to pay $25 per ticket
the total amount you are willing to pay is = 25*4= $100
Consumer surplus = y-p------------ (from the chart attached)
Consumer surplus = $100 – $60
Consumer surplus = $40
<em>Area of surplus = </em>1/2 x (4) x40 = $80
Answer:True
Explanation:
<em>Democratic capitalism (market democracy) is a political and economic system that combines capitalism and a strong welfare state curbing the excesses of individual freedom. ... The policies which characterise the system are enacted by democratic governments.</em>
<em />
Answer: They do this by providing more candidates from which a voter can choose.
Explanation:
There are several minor political parties in the United States. The main two that is heard about more often is the Democrats and Republicans. Other parties are Libertarian and Independent. There is also an option for voters to write in a candidate on any ballot in an official election.
By having numerous choices in an election, this balances out the main group and lets the voters have discussions about issues that are concerning to them. Many of the third party choices do support the wealthiest candidate if they drop out of the race.
Hello, There! ⬽
<h2>
</h2><h2>Your Question↓</h2>
In Federalist No. 45, James Madison explained that "numerous and indefinite" powers would be left to whom?
<h2>Answer↓</h2>
state governments are the Correct Answer
Explanation:
I took the Quiz and Got it right!
<em />
<em>Therefore, I hope this Helps!</em>
