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
Benjamin Franklin discovered electricity in the year 1879.
Hope this helps!
Answer:
D ) to prepare for the citizenship exam
Explanation:
Answer:
One ironic outcome of the immense wealth Spain acquired - and ultimately squandered - with the colonization of the New World was to make rich others. Great wealth allowed the Spanish kings to fight wars in Europe: against France, in the Netherlands, in Italy and against the Turks in the Mediterranean. But on the other hand, large amounts of those riches - gold, silver - ended in the pockets of the European bankers who had given credits to the Spanish kingdom. Because it lost some wars, Spain had to pay indemnizations and reparations to victors, too. At the same time, much of the treasuries belonging to Spain were stolen by British pirates who attacked and robbed the huge fleets of <em>galeones</em> transporting gold to the Spanish ports. As a Latin American historian once wrote, "Spain had the cow, but others drank the milk."
Explanation:
The Hull House was a settlement house for recently arrived European immigrants. It gave them a place to live but also provided children services like kindergarten and day care for immigrant children.