If Avery is willing to pay $10 for a pizza, Pia is willing to pay $13, and Sylvio is willing to pay $15, how much consumer surpl
1 answer:
Answer:
$4
Step-by-step explanation:
Total consumer surplus is given by the difference between the willingness to pay of each customer to the actual price of a good.
Since Avery is only willing to pay $10 and the pizza costs $12, Avery will not buy a pizza and should not be considered for consumer surplus.
Since Pia is willing to pay $13, and Sylvio is willing to pay $15, consumer surplus is:
When the price of pizza is $12, a consumer surplus of $4 is achieved.
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Answer:
The fraction of smoothies sold were either banana or strawberry is
Step-by-step explanation:
Given:
Of the smoothies sold yesterday at Marlins smoothie shop, 5/6 were banana and another 1/12 were strawberry.
Now, to find the fraction of the smoothies sold were either banana or strawberry.
Fraction of smoothie were of banana =
Fraction of smoothie were of strawberry =
Now, to get the fraction smoothies sold were either banana or strawberry by adding both the fractions of banana and strawberry:
Therefore, the fraction of smoothies sold were either banana or strawberry is