Assume Allison, Bob, and Charisse are the only three buyers of oranges, and only three oranges can be supplied per day.
Refer to Table 7-5. If the market price of an orange is $0.65, then consumer surplus amounts to <u>$3.60</u>
<h3>What
is consumer surplus?</h3>
Consumers' surplus is a measure of consumer welfare and is defined as the excess of social valuation of product over the price actually paid. It is measured by the area of a triangle below a demand curve and above the observed price. Since there is willingness to pay.
Therefore, the correct answer is as given above.
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The complete question goes thus:
For each of three potential buyers of oranges, the table displays the willingness to pay for the first three oranges of the day. Assume Allison, Bob, and Charisse are the only three buyers of oranges, and only three oranges can be supplied per day.
Refer to Table 7-5. If the market price of an orange is $0.65, then consumer surplus amounts to________
Because they need the money for other necessities such as paying rent, insurance, living expenses, transportation, and even paying for college and books for college. and it’s likely they are making minimum wage if they have a job so it is hard to keep up and pay that much per month
When trying to transfer files between two computers using FTP. The issue of the server or channel may be a major reason.
<h3>What is a transfer of files using FTP?</h3>
A user can copy documents from one system to another using the File Transfer Protocol (FTP). The procedure allows data to be sent in either way seen between the consumer (the user) and also the server.
Some issues are given below.
- The server cannot establish the client's IP address.
- The server's inbound channel TCP 21 is banned.
- The client cannot retrieve the remote IP address.
- These three factors may be contributing to the inability to transmit information between two systems, as FTP doesn't even use UDP and remote ports with a large number of ports scarcely matter.
More about the transfer of files using FTP link is given below.
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