Answer:
<h2>$80</h2>
Explanation:
Step one:
What is consumer surplus area?
"Consumer Surplus reflects the difference between what a consumer is willing and able to pay for a product, and what the consumer actually ends up paying.
"
<em>The area of surplus is calculated using the formula for the area of the bounded triangle.</em>
<em>Area of surplus =1/2 b*h</em>
<em>where b= the quantity </em>
<em> h= consumer surplus</em>
Step two:
given data
<em>the quantity </em>of tickets = 4
b=Q-O------------ (from the chart attached)
cost per tieckt= $15
Total cost of 4 tickets= 15*4= $60
the actual price is $60
Since you are willing to pay $25 per ticket
the total amount you are willing to pay is = 25*4= $100
Consumer surplus = y-p------------ (from the chart attached)
Consumer surplus = $100 – $60
Consumer surplus = $40
<em>Area of surplus = </em>1/2 x (4) x40 = $80
Answer:
First question about Phoenicians is true.
Second one about Hebrew Bible is true.
Last one about Exodus of Jews is false.
Explanation:
Phoenicians were the most famous maritime nation of among the Ancient civilizations. They traded different goods with Crete, Egypt, even the Eastern Mediterranean. Cartage was for a long period also the greatest force in eastern Mediterranean.
On the other side, Hebrew Bible is a great source for both culture, religion and history of Jews. It tells everything about the history of Jews and is important today as the Holy Book.
Last option is not correct, because Moses, not Abraham led the exodus.
Chattel slavery is when people are treated like property they are sold and bought.
<span>Because Germany and Japan achieved important military conquests.</span>
The Plymouth Colony started businessmen and adventures.