Assume Allison, Bob, and Charisse are the only three buyers of oranges, and only three oranges can be supplied per day.
Refer to Table 7-5. If the market price of an orange is $0.65, then consumer surplus amounts to <u>$3.60</u>
<h3>What
is consumer surplus?</h3>
Consumers' surplus is a measure of consumer welfare and is defined as the excess of social valuation of product over the price actually paid. It is measured by the area of a triangle below a demand curve and above the observed price. Since there is willingness to pay.
Therefore, the correct answer is as given above.
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The complete question goes thus:
For each of three potential buyers of oranges, the table displays the willingness to pay for the first three oranges of the day. Assume Allison, Bob, and Charisse are the only three buyers of oranges, and only three oranges can be supplied per day.
Refer to Table 7-5. If the market price of an orange is $0.65, then consumer surplus amounts to________
The answer is false. Sound processing does not occur exclusively in the temporal lobe.
Remote sensing is the acquisition of information about an object or phenomenon without making physical contact with the object.
The methods of sensing are based on electromagnetic energy released or reflected from Earth's surface at some range above the earth. Remote sensors can be either passive or active depending upon the source of electromagnetic energy.
Earth's surface and atmosphere may involve the use of any of the instruments depending on the type of research to be done.
There are mainly two types of instruments used, passive and active instruments, below are some of the instruments used;
Ozone and Aerosol LiDAR. Radar Wind Profiler, Radiometer, Imaging Radiometer, Spectrometer, Spectroradiometer, Radar (Radio Detection and Ranging), Scatterometer, Lidar (Light Detection and Ranging), Laser Altimeter, SAOZ Instrument.
He deposited, $3250 when he opened the account
