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Misha Larkins [42]
3 years ago
11

Need help with this pls!! (Show work pls)

Mathematics
2 answers:
lawyer [7]3 years ago
3 0

Answer:

$12

Step-by-step explanation:

116 is the total

116 minus 24

92 divided by 8

Elodia [21]3 years ago
3 0

Answer: $11.50

Step-by-step explanation:116 - 24 equals 92

and 92 / 8 equals 11.50

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Below is the market for funnel cakes at a small community fair.
podryga [215]

From the graph given, the equilibrium price and quantities are given respectively as;

  • Price = $5
  • Quantity = 6 units of funnel cakes.

<h3>What is the total consumer spending on funnel cakes at the equilibrium point?</h3>

The total consumer spending(TCS) is achieved by finding the product of the price and the quantities at the equilibrium point.

Hence,
TCS = 5 * 6

= 60

<h3>What is the producer surplus and consumer surplus at equilibrium?</h3>

A) The producer surplus is the area of the triangle shaded yellow in the attached image.

Recall that he area of triangle is:

1/2 b *  h

b = 4

h = 6

Hence Area of the RA-Triangle (Producer Surplus) =

1/2 * 4 * 6

= 12

B) The Consumer surplus is the area of the triangle shaded Green in the attached image.

Recall that the area of triangle is:

1/2 b *  h

b = 4

h = 6

Hence Area of the RA-Triangle (Consumer Surplus) =

1/2 * 4 * 6

= 12

<h3>What would be the result if the suppliers charged $6? </h3>

If the suppliers charged $6, then the quantity demanded would drop to 4 units of  funnel cakes. It is demonstrated graphically. Recall that the law of demand and supply indicates that when prices goes up, demand comes down and vice versa.

Graph II illustrates what would happen if a large number of guests entered the fair. It would result to a right-ward shift in the demand curve.

<h3>Does the consumer surplus increase, decrease, or stay the same as a result of the change from part F?</h3>

Yes, there is an increase in the consumer surplus. Now there are more consumers hence the total amount they are willing to pay as an aggregate sum has increased from what was.

Learn more about Equilibrium market conditions:
brainly.com/question/12252562
#SPJ1

4 0
1 year ago
A basketball player averages 12.5 points per game. There are 24 games in a season. At this rate, how many points would the playe
Oduvanchick [21]
You multiply 12.5 points a game by 24 games and get 300 points for a season
4 0
3 years ago
Read 2 more answers
Please help me I will give 12 points
olga2289 [7]

Answer:

5/8

Step-by-step explanation:

=3/8×5/3

=5/8

Hope this helps u....

8 0
2 years ago
Read 2 more answers
Find the measures of the numbered angles for each parallelogram number 11
dybincka [34]
Angle 3 is 99 degrees.

Angle 2 is 61 degrees.

angle 1 is also 61 degrees.
6 0
3 years ago
Use a proportion to determine the number of children age 5 in a kindergarten class if 80% of a class of 20 children are that age
igor_vitrenko [27]

Answer:

16 children

Step-by-step explanation:

80% of 20 children comes out to 16 children who are of age 5.

If desired, rewrite "80%" as "0.80" and use that 0.80 as the multiplier of 20:

0.80(20 children) = 16 children.

4 0
3 years ago
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