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:
he did not like earn it like that so may be he did not keep it safe
Explanation:
he was not good with money in his hand
Answer:
C. head of household
Explanation:
Taxation can be defined as the involuntary or compulsory fees levied on individuals or business entities by the government to generate revenues used for funding public institutions and activities.
The different types of tax include the following;
1. Income tax: a tax on the money made by workers in the state. This type of tax is paid by employees with respect to the amount of money they receive as their wages or salary.
2. Property tax: a tax based on the value of a person's home or business. It is mainly taxed on physical assets or properties such as land, building, cars, business, etc.
3. Sales tax: a tax that is a percent of the price of goods sold in retail stores. It is being paid by the consumers (buyers) of finished goods and services and then, transfered to the appropriate authorities by the seller.
In the United States of America, a head of household is a tax filing status for taxpayers that are saddled with the responsibility of paying more than half of the support and housing expenses (costs) of a qualifying person for at least a year. Also, to be eligible to file as a head of household, the taxpayer must be single or unmarried at the end of the year.
Generally, a head of household gets a lower tax rate and higher standard deductions than other taxpayers.
In this scenario, Monique is a single mom who is raising her three young children on her own. When she files her taxes this year, the tax status that will best fit her situation is head of household because she's solely responsible for catering to the needs of her kids.
The function g(x) can be expressed as the inverse of f(x) as;
g(x) = ¼x - 3
<h3>Inverse Functions</h3>
Complete question is;
If g(x) is the inverse of f(x) and f(x) = 4x + 12 what is g(x)?
- Now, for us to find the inverse of a function, we need to make the output the subject of the formula first and then switch the input and new output values.
Thus;
f(x) = 4x + 12
Thus;
(f(x) - 12)/4 = x
x = ¼f(x) - 3
Thus, switching as said above, we now have;
g(x) = ¼x - 3
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