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________
The climate controls that best explains the difference in average daytime temperature variation from month to month between Seattle and Fargo as well as between Dublin and Moscow is latitude
- Latitude is simply known as the highest force behind differences in temperature which also are fluctuations in incoming solar radiation. It alters (change) the angle of the sun and length of daylight control of the global distribution of temperature.
-
The 2 factors that causes this alterations or changes in latitude are therefore sun angle and length of daylight.
- Latitudes is known to show how much of the changes or variation in average temperature at a fixed latitude, average daytime temperature variation and seasonal fluctuations in temperature.
Conclusively, we can say that The climate controls that best explains the difference in average daytime temperature variation from month to month between Seattle and Fargo as well as between Dublin and Moscow is latitude
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Maybe the factor that they are all on their own and they don’t have to be pushed by their parents to do the work or the fact that they can choose to go to parties and do hw later
<em>Hi, here are the ways social media platform are abused:</em>
- Sends you unwanted, explicit pictures and demands you send some in return.
- Pressures you to send explicit videos.
<em>Hope this helps! Please correct me if I am wrong.</em>
