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It should be 40 percent.
You can think of it as starting with 100 as in 100 dollars or 100 tic tacs
If you take away 25%, you take away 25 tic tacs and now you only have 75.
From your 75, you take away 20% which is equal to 15. 75- 15=60
If you look at the end result of 60, you can see that that is 100 - 40 so 40% of the total was taken off
Based on Molly's willingness to pay for the 8th trip, and the number of trips she can make over the bridge, her willingness to pay for the bridge repair would be<u> $1.00.</u>
<h3>What is Molly's willingness to pay for taxes to fix the bridge?</h3><h3 />
Molly's willingness to pay for trips is equal to the total consumer surplus she gets.
This means that her consumer surplus is $0.50.
With the bridge fixed, she can make 2 more trips than before because she can make 10 trips.
Her willingnesss to pay for the taxes will therefore be equal to her willingness to pay for the remaining trips:
= 0.50 x 2
= $1.00
Find out more on willingness to pay at brainly.com/question/8449170.
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