Assume that there are four consumers A, B, C, and D, and the prices that each of them is willing to pay for a glass of lemonade
1 answer:
Answer:
The consumer surplus in this market will be $0.70. This is false.
Step-by-step explanation:
There are four consumers A, B, C, and D.
The consumers are willing to pay for a glass of lemonade as $1.50, $1.20, $1.00, and $0.90 respectively.
The actual price of lemonade is $1.00 per glass. So, the consumer surplus in this market will be = $0.60
Hence, the given condition is False.
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This is the answer. I did it and got that. You do distributive and then combine like terms.
Given:
A quadrilateral inscribed in a circle.
To find:
The values of a and b.
Solution:
A quadrilateral inscribed in a circle. So, the quadrilateral is a cyclic quadrilateral.
We know that the sum of the opposite angles of a cyclic quadrilateral is 180 degrees.
We know that the measure of arc is twice of measure of subtended angle on that arc.
Therefore, the value of a is 101 degrees and the value of b is 82 degrees.