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________
Well, it depends on what you mean by that. The constitution is clear that no matter your creed, race, religion, gender, wealth, or health, as long as you’re a United States citizen, you have the right to life, liberty, and the pursuit of happiness.
People have to realize that unfortunate things and tragedies will happen despite anything state or federal government does, so to take just one or two things and say the government isn’t doing enough is ridiculous.
I personally believe government should do more or less renovation, however what they’re doing at the moment is perfectly fine.
The list is the best data validation that you should use if you want to restrict the values to a specific set.
<h3>What is data validation in a spreadsheet?</h3>
This is a feature in a spreadsheet such as excel that helps to control the entries that the users are allowed to input in a cell.
You can use this excel feature to ensure that a value is a number that is between 1 and 5.
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<u>Complete question:</u>
You want to restrict the values entered in a cell to a specified set, such as hop, skip, jump. Which type of data validation should you use?
database
list
input range
custom
Read more on data validation here: brainly.com/question/25895973
For educating purposes, to help students develop networking and social skills, to help students find a career and take the necessary steps to pursing that career, and helps students prepare for the real world.
