Answer: C)$350
Explanation:
First suit
Price willing to pay=$950
Actual paid price=$700
Consumer surplus=$950-$700
=$250
Second suit
Price willing to pay=$800
Actual paid price=$700
Consumer surplus=$800-$700
=$100
Third suit
Price willing to pay=$700
Actual paid price=$700
Consumer surplus=$700-$700
=$0
Total surplus= 1st+2nd+ 3rd consumer surplus
= $250+$100+$0
=$350
A positive impact of economic globalization is the economic integration. The world as a global village has experienced an unprecedented level of economic integration in the sense that many companies across a wide range of countries have been able to propose a variety of products to the world, which would have been very difficult or even impossible in a context of locally based or centred economy.
When the court renders an opinion, the Chief Justice- when in the majority-decides who writes the courts' opinion. So the answer is C
A bachelor's degree (from Middle Latin baccalaureus) or baccalaureate (from Modern Latin baccalaureatus) is an undergraduate academic degree awarded by colleges and universities upon completion of a course of study lasting three to seven years (depending on institution and academic discipline).
