1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
3x-6y=15<br> -3x-9y=-30<br><br> Please help!! Its due in 30 minutes!!
olchik [2.2K]

Step-by-step explanation:

Refer to the attachment.

I hope it helps:)

3 0
3 years ago
A national study, that revealed a normal distribution, revealed that the average time a student spends studying statistics on a
Neporo4naja [7]

Answer:

Null hypothesis = H0 : μ = 60

Alternative hypothesis = H1 : μ < 60

Step-by-step explanation:

From the question given :

μ = 60 minutes

xbar = 44.27 minutes

s = 20.4 minutes

The alternative hypothesis is the claim ; which is to hypothesize that the average studying time is 44.27 (which is less than the population average studying time)

The null hypothesis is the initial truth and it is the opposite of the alternative hypothesis.

The hypothesis are :

H0 : μ = 60

H1 : μ < 60

5 0
2 years ago
Determine the mean, median, mode, and range for the data set:
s2008m [1.1K]

Answer:

Step-by-step explanation:

Mean (Average): 8

Median (Middle): 8

Mode (Most Common): 8

Range (Biggest - Smallest): 7

6 0
3 years ago
What are the length and width of a rectangular traffic sign if the length exceeds the width by 2 inches and the perimeter is 120
Mazyrski [523]
Answer:

L = w+2
L+w = 60
W+2+w = 60
2w+2 = 60
W+1 = 30
W = 29
L = 31
7 0
2 years ago
Integer operations <br> 11. -60<br> 12. 10<br> 13. -9<br> 14. 14<br> 15. 37
vlada-n [284]

Answer:

11. - 60 =  - 49 \\ 12.10 = 12.1 \\ 13. - 9 = 4 \\ 14.14 =  \frac{707}{50}  \\ 15.37 =  \frac{1537}{100}

3 0
3 years ago
Other questions:
  • WILL GIVE BRAINLIEST<br>What is the value of a in the problem 4a-3=D<br>explain answer
    9·1 answer
  • Which values of a and b make the following equation true ?
    12·1 answer
  • What is the slope between the points (5,-7) and (-7,1)?
    7·1 answer
  • VIAL<br>Find at what rate of interest will 5000 amounts to 6200 in 3 years.​
    9·1 answer
  • <img src="https://tex.z-dn.net/?f=2%28%203x%20%2B%201%29%20%3D%2011" id="TexFormula1" title="2( 3x + 1) = 11" alt="2( 3x + 1) =
    9·1 answer
  • Estimate sums and differences of fractions
    5·1 answer
  • PLEASE HELP ME QUICKKKKKKKKKKK
    13·2 answers
  • Consider the division problem 1/2÷ 3. Describe a situation this division could represent.
    11·2 answers
  • Find the circumference of the circle use 3.14 for
    10·1 answer
  • Find the total amount due on a loan of $5000 for eight years and 10% simple interest
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!