Answer: $10
Explanation:
The market supply curve is an upward sloping curve that depict the positive relationship that exists between the price and quantity supplied. It is derived by summing the quantity that the suppliers are willing to produce when the goods can be sold for a given price.
Suppose the market supply curve is p=5Q at a price of 10 , the producer surplus will be:
Producer surplus= (base × height)/2
Producer surplus = (2 × 10)/2
= 20/2
= $10
The financial aid that is given based on the financial status and background of the family of a person is termed as Need Based Aid. Need Based Aid and Need based scholarships are offered by a wide range of institutions to help financially weak families and individuals.
Therefore, the correct answer is
Option D) Need Based
The Food and Drug Administration has
not permitted “Gamma-hydroxybutyrate” for manufacture or transaction of this product
in the United States. Gamma-hydroxybutyrate as you would expect is an occurring
neurotransmitter and a psychoactive medication. It has different known street
names, such as GHB, or commonly G, Georgia Homeboy and Liquid E are the most
common street names for this illegal medication.