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________
The forth wall acts as a barrier between the fictional world and the real world. I would believe the answer to this is C, the characters speak directly to and interact with the audience.
Answer:
-For the Protection of Literary and Artistic Works/Berne Convention
-For the protection of computer codes and programs/WIPO copyright treaty
-For the inventor for making, using, offering for sale, and selling the invention/US Patent Law
-for copyright holders to reproduce, distribute, or preform their own work/ Copyright Act of 1976
Explanation:
Answer:China was "lucrative trade markets."
Explanation:It gave a nation exclusive trade rights in a particular region of China. Helping them make a lot of money
