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________
Answer:
quarter is like test and semester is like exam
The temperature of a place often affect food. The option that is not of the Time/Temperature Control for Safety Foods is Processed garlic oil mixtures.
<h3 /><h3>Foods that require time and temperature control </h3>
There are different kinds of foods that require time and temperature control so that it can be safe. This food are known as TCS foods. They includes;
- Milk and Dairy products
- Eggs
- Meat such as beef, pork, and lamb
- Untreated garlic etc.
Garlic often stay long does when process into oil in any temperature. It can be safely store in oil for about 4 months in the freezer. Only garlic in oil mixture kept at room temperature for about two hours may not be useful.
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Answer:
Imma be honest im in the 7th grade I never took the SATs but this stuff looks hard no cap
Explanation:
i have no explanation
