From the list below, determine which properties are for compounds.

For each of the three potential buyers of oranges, the table displays the willingness to pay for the first three oranges of the

maxonik [38]

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________

4 0

1 year ago

Jennifer has $25. 00 and earns $0. 50 for every chore she completes. Amaya has $13. 00 and earns $2. 00 for every chore she comp

uranmaximum [27]

Taking into account the definition of equation, each girl must complete 8 chores to have the same amount of money.

<h3>Definition of equation</h3>

An equation is the equality existing between two algebraic expressions connected through the equals sign in which one or more unknown values, called unknowns, appear in addition to certain known data.

Each equation has two members, and these are separated by using the equal sign (=).

Each member is made up of terms.

The unknowns, that is, the values to be found, are represented by letters.

The equality between the two algebraic expressions is only verified or true for certain values of the unknown.

<h3>Amount of chores</h3>

To find the amount of chores in this case, in first place you know Jennifer has $25.00 and earns $0.50 for every chore she completes. The money that Jennifer saves is expressed as: 25 + 0.50x, being x the amount of chores that Jennifer sells.

On the other side, Amaya has $13.00 and earns $2.00 for every chore she completes. The money that Amaya saves is expressed as: 13 + 2x, being x the amount of chores that Amaya sells.

They have the same amount of money, then it is expressed by the equation:

25 + 0.50x= 13 + 2x

Taking into account that:

When a value you are adding is passed to another side of the equation, this value will be passed by subtracting.
If a value you are subtracting is passed to the other side of the equation, this value will be passed adding.
When a value you are dividing goes to another side of the equation, it will be multiplied.
If a value is multiplying it passes to the other side of the equation, then it will pass dividing.

The equation is solved as:

25 -13= 2x - 0.50x

12= 1.5x

12÷ 1.5= x

8=x

Finally, each girl must complete 8 chores to have the same amount of money.

Learn more about equations:

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7 0

1 year ago

Which one of the following is the most widely used source of short-term funding that Mr. Boyd (and other small business owners)

ANEK [815]

The most widely used source of short-term funding that Mr. Boyd (and other small business owners) would use to operate their business is trade credit.

<h3>What is Trade Credit?</h3>

This refers to the purchase financing where a person is allowed to collect goods and pay for them at a later date.

Hence, we can see that short term fundings are used to help startups and other businesses to stay afloat and the type of funding used by Mr. Boyd is trade credit.