1894/Labor Day pays tribute to the contributions and achievements of American workers, and Labor Day 2018 occurs on Monday, September 3 (it's traditionally observed on the first Monday in September). It was created by the labor movement in the late 19th century and became a federal holiday in 1894.
Answer:
<h2>$80</h2>
Explanation:
Step one:
What is consumer surplus area?
"Consumer Surplus reflects the difference between what a consumer is willing and able to pay for a product, and what the consumer actually ends up paying.
"
<em>The area of surplus is calculated using the formula for the area of the bounded triangle.</em>
<em>Area of surplus =1/2 b*h</em>
<em>where b= the quantity </em>
<em> h= consumer surplus</em>
Step two:
given data
<em>the quantity </em>of tickets = 4
b=Q-O------------ (from the chart attached)
cost per tieckt= $15
Total cost of 4 tickets= 15*4= $60
the actual price is $60
Since you are willing to pay $25 per ticket
the total amount you are willing to pay is = 25*4= $100
Consumer surplus = y-p------------ (from the chart attached)
Consumer surplus = $100 – $60
Consumer surplus = $40
<em>Area of surplus = </em>1/2 x (4) x40 = $80
Answer:
C. It encouraged European countries to trade with the South.
Explanation:
Answer:
Option: b. British control over India.
Explanation:
The Suez Canal is a man-made waterway that unites the Red Sea and the Mediterranean Sea. It is also the shortest trade link between Europe and Asia. The Suez Canal located in Egypt, and during the 19th century, it was under the control of the British. The Canal played an essential role in increased British influence in India through colonization. It was a safe passage on strategic waterways for the British during colonialism.