$29 will be their consumer surplus.
Consumer surplus is the difference between how much a consumer is willing to pay and how much a consumer actually does pay.
$12.00 + $15.00 + $23.00 = $50.00 (How much the consumer actually pays)
$23.00 + $26.00 + $30.00 = $79.00 (How much the consumer is willing to pay)
$79.00 - $50.00 = $29.00 (Consumer surplus)
Answer:
It's A
Step-by-step explanation:
It's the only one that does the $2.50 right.
You can reconstitute the equation of this quadratic function
of te form:y = ax² + bx + c, by giving x and y the various values in the table. For instance: for x = 0, y =1. Plug 0 & 1 in the equation:1 = a(0)² +b(0) + c → c = 1 . You continue with the other values and you will find :
a-b = -3 and
4a - 2b =- 4
Solving it will give y = x² +4x +1
This is a parabola opening upward (because a >0) with an axis of symmetry = -b/2a or x= -2 and a minimum y = (-2)² -2(4)+1 = -3; hence
MINIMUM (-2, -3).
N.B: Your various answers don't mention my result. However in your
C. Answer they are claiming Maximum (-2,-3) and it's wrong it should be MINIMUM.
Please refer to your teacher since I am sure of the result <span> </span>
(-1,.5)
It simple all you have to do is go to Desmos and make your equation line