The answer is replication, I think
Answer:
-$19.
Explanation:
From the question, we are given the following parameters or data and they are;
=> The Amount Kathy paid = $15.
=>The amount that Kathy was willing to = pay $ 18.
=> Price of new book= $ 37.
Therefore, we will make use of expression below to calculate the value for the Consumer surplus.
Consumer surplus = MP – AP -----(1).
Where MP = maximum price a consumer is willing to pay = $18 and AP = Actual price of a particular goods or commodity = $37.
Consumer surplus= $18 - $ 37 = -$19.
Answer:
Explanation:
The Spanish economy began to decline because they had never set tax rates on silver and only began doing so sixty years after its discovery, when the money was worth less than before. Along with this, Spain borrowed money from other countries which they could not pay back due to rebellions.
Two problems would be overcrowding which could potentially result in rapid disease outbreak and lack of resources to go around to everyone that inhabits the urban area
two opportunities would be an opportunity for job specialization and an opportunity for fleeing of racial persecution as their is lots of diversity in urban areas
