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________
Answer:
Prewriting Writing Revising
Explanation:
3x3 writing process is a 3 steps writing process. These three steps of writing are further divided into three sub-steps. The three steps in this writing process are: Prewriting Writing Revising
Answer:
E.
Explanation:
A population is a group of individuals of the same species. ... A community is all organisms or populations in a habitat.
Right after he realized Jonathan was dead, Dio tore off his head with his hair/neck tendrils and proceeded to put his own head onto Jonathan’s body. He then dragged himself into a secret compartment inside the same bomb-proof coffin that Erina used to escape.
After Erina was rescued, the coffin was cast back into the sea, with Dio still inside. He presumably went into a state of hibernation. He waited there for nearly 100 years, until a group of fisherman off the coast of Africa happened to reel the casket in. Thinking they had discovered treasure, they opened the casket and awoke the vampire, who then christened himself as simply DIO.
D. the test is made up of multiple-choice questions that are based on a series of passages
