Answer:
The correct answer is C. the difference between the highest price a consumer is willing to pay and the price the consumer actually pays.
Explanation:
Consumer surplus arises from the law of diminishing returns. This means that the first unit to acquire we value it highly but as we acquire additional units our valuation falls. However, the price we pay for any unit is always the same: the market price. In this way, we enjoy a positive surplus of the first units we acquire until we reach the last one in which the surplus will be zero.
In graphic terms, consumer surplus is measured as the area below the market demand curve and above the price line. The demand curve measures the amount consumers are willing to pay for each unit consumed. Then, the total area below the demand curve reflects the total utility of consumption of the good or service. If the price we pay for each unit is subtracted from this area, the consumer surplus is obtained.
15,900 is my because thats how much only sandra will pay.
I interviewed a successful salon owner, and this is what determine her success according to her :
- Persevere , do not give up if somehow something doesn't go how you want it to be
- Care about your customer, and your business should live to fulfill what they need from you
hope this helps<span />
Answer:
The correct answer is (d)
Explanation:
Otto state like most states in the US demands articles of organisation from the firm and organisations to form a limited liability company. In most of the states, it is compulsory to how an article of organisations which legally binds a company to follow all the rules and regulations. Article of organisation is also known as an article of formation.
