Based on the information given, the marginal cost of the price that should be paid is $250 per hour.
This is an incomplete information. From the complete information, the number of moving crew will be gotten where the marginal cost is equal to the marginal benefit and this will be at the 4th hour. Therefore, the <em>marginal cost</em> and benefit equal $250.
Therefore, one should hire movers for 4 hours. Therefore, based on the information given, the consumer surplus will be:
= $600 + $370 + $250
= $1220
In conclusion, the total consumer surplus for hiring a crew for<u> 4 hours</u> will be<u> $1220.</u>
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The kind of ROI Luis demonstrates is : Positive ROI
<h3>Positive ROI</h3>
A positive ROI is defined as when the cost of a financial decision/step is lower than the gain of a financial decision.
Luis takes a loan to help him earn a certificate, the certificate he earns has helped him earn a good salary job which he can use to repay the loan.
Therefore in the long term Luis will have a positive return on investment on his financial decision.
Hence we can conclude that the kind of ROI Luis demonstrates is Positive ROI.
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Convection - convection is heat transferral through fluids
Answer: The Sun and the planets formed together, 4.6 billion years ago, from a cloud of gas and dust called the solar nebula. A shock wave from a nearby supernova explosion probably initiated the collapse of the solar nebula. The Sun formed in the center, and the planets formed in a thin disk orbiting around it.
Explanation: how were the planets in the solar system formed?
Hello! An answer I can give you is the “Chinese exclusion Act”
This act was published May of 1882 and repealed December of 1943.
