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:
Germany
The welfare state is European in origin because its birth is commonly dated to late 19th century Germany. Around 1850, most industrializing capitalist countries already had some version of a modern poor law and had started to introduce labour protection measures (Polanyi [1944] 1957).
Explanation:
Answer
(The Bible's Old Testament is thought to have been first written down in an ancient form of Hebrew.) Until now, many scholars have held that the Hebrew Bible originated in the 6th century B.C., because Hebrew writing was thought to stretch back no further.
He helped to draft the Constitution of 1824 and was a major influence in the addition of a general colonization provision. Seguín assisted Stephen F. Austin in choosing land for the first colony of American settlers to immigrate to Texas. He later supported the Texas Revolution, providing political as well as material support.