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goldenfox [79]
3 years ago
14

Suppose that Bob places a value of $10 on a movie ticket and that Lisa places a value of $7 on a movie ticket. In addition, supp

ose the price of a movie ticket is $5. Refer to Scenario 12-2. Suppose the government levies a tax of $1 on each movie ticket and that, as a result, the price of a movie ticket increases to $6.00. If Bob and Lisa both purchase a movie ticket, what is total consumer surplus for Bob and Lisa?
Mathematics
1 answer:
ololo11 [35]3 years ago
4 0

Answer:

$5.

Step-by-step explanation:

Bob and Lisa have estimated a total value of $17.

The movie tickets are actually $6 each.

$12 for two tickets.

estimated value - actual value = consumer surplus.

$17 - $12= $5

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Rozlyn invested $2000 in an account that pays 4.25% annual simple interest. She will not make any additional deposits or withdra
PilotLPTM [1.2K]

Answer:

$850

Step-by-step explanation:

Interest = Principal x Rate x Time

I = 2000(.0425)(10)

I = 850

3 0
3 years ago
How do i know when to add or subtract in an angle equation?
madam [21]

Answer:

17

Step-by-step explanation:

< ABD = <ABC + < CBD

Substitute in what we are given

87 = 9x-1 +   6x+58

Combine like terms

87 = 15x +57

Subtract 57 from each side

87-57 =15x +57-57

30 = 15x

Divide by 15

30/15 =15x/15

2=x

We want to find <ABC

<ABC = 9x-1

         = 9*2-1

         =18-1

      =17

7 0
2 years ago
If the probability of selecting, without replacement, 2 red marbles from a bag containing only red and blue marbles is 3 55 and
Marat540 [252]

Answer:

Step-by-step explanation:

Let T = the TOTAL number of marbles in the bag.

We are told that 3 of those marbles are red

P(select a red marble first) = 3/T

Once we've removed the first red marble, there are T-1 marbles remaining and 2 of them are red

So, P(select a red marble second) = 2/(T-1)

Okay, now let's use probability rules to answer the question....

P(select 2 red marbles) = P(select a red marble first AND select a red marble second)

= P(select a red marble first) x P(select a red marble second)

= 3/T x 2/(T-1)

= 6/(T² - T)

We're told that P(select 2 red marbles) = 3/55

So, we can write: 6/(T² - T) = 3/55

Cross multiply to get: 3(T² - T) = (6)(55)

Divide both sides by 3 to get: T² - T = (2)(55)

Evaluate: T² - T = 110

Rearrange: T² - T - 110 = 0

Factor: (T - 11)(T + 10) = 0

So, EITHER T = 11 OR T = -10

Since T cannot be negative, it must be the case that T = 11

6 0
2 years ago
I WILL AWARD BRAINLIEST!! PLEASE HELP!!
lara31 [8.8K]

Answer:

A(...; 7)

x =-1/5

B(8; ...)

y = 48

The slope is 5

Step-by-step explanation:

y−5x=8

A(...; 7)

We know that y=7, we need to find x

7 - 5x = 8

Subtract 7 from each side

7-7 -5x = 8-7

-5x =1

Divide by -5

-5x/-5 = 1/-5

x =-1/5

B(8; ...)

We know x = 8 we need to find y

y−5x=8

y - 5(8) = 8

y - 40 =8

Add 40 to each side

y-40+40 = 8+40

y = 48

Now we need to find the slope

y - 5x =8

Add 5x to each side

y -5x+5x = 5x+8

y = 5x+8

This is in the form y = mx+b  where m is the slope

The slope is 5

5 0
3 years ago
Wen was hiking on a 12-mile route. During the first 2 hours, his hiking speed was 3 mph. During the rest of the hike, his speed
Mars2501 [29]

The total time taken to cover 12 miles distance is 5 hours.

<u>Given the Parameters</u> :

  • Total distance hiked = 12 miles

Recall :

  • Distance = speed × time

Let :

  • Total Time taken = t

<u>We could create an equation thus</u> :

Total distance = 3(2) + 2(t - 2)

12 = 6 + 2t - 4

12 = 2 + 2t

12 - 2 = 2t

10 = 2t

t = 10/2

t = 5

Therefore, the total time taken is 5 hours

Learn more :brainly.com/question/18796573

5 0
2 years ago
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