Answer:
$4
Step-by-step explanation:
Total consumer surplus is given by the difference between the willingness to pay of each customer to the actual price of a good.
Since Avery is only willing to pay $10 and the pizza costs $12, Avery will not buy a pizza and should not be considered for consumer surplus.
Since Pia is willing to pay $13, and Sylvio is willing to pay $15, consumer surplus is:
When the price of pizza is $12, a consumer surplus of $4 is achieved.
Option D: The distance between the two points is 13 units
Explanation:
It is given that the two points are and
We need to determine the distance between the two points.
It is also given that the distance between the two points can be determined using the formula,
Substituting the points and
for the coordinates
and
Thus, we get,
Simplifying, we have,
Adding the terms, we get,
Squaring the terms, we have,
Adding the terms, we get,
Simplifying and rounding off the value to the nearest tenth, we have,
Hence, the distance between the two points is 13 units.
Therefore, Option D is the correct answer.