Assume Allison, Bob, and Charisse are the only three buyers of oranges, and only three oranges can be supplied per day.
Refer to Table 7-5. If the market price of an orange is $0.65, then consumer surplus amounts to <u>$3.60</u>
<h3>What
is consumer surplus?</h3>
Consumers' surplus is a measure of consumer welfare and is defined as the excess of social valuation of product over the price actually paid. It is measured by the area of a triangle below a demand curve and above the observed price. Since there is willingness to pay.
Therefore, the correct answer is as given above.
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The complete question goes thus:
For each of three potential buyers of oranges, the table displays the willingness to pay for the first three oranges of the day. Assume Allison, Bob, and Charisse are the only three buyers of oranges, and only three oranges can be supplied per day.
Refer to Table 7-5. If the market price of an orange is $0.65, then consumer surplus amounts to________
The distance in miles from P to Q is 12 miles
<h3>Distances and speed</h3>
Let the distance from P to Q be "d"
Since the formula for calculating speed is expressed as:
For the distance of P to Q
40 = d/t
d = 40t
If he drives back at an average speed of 45mph and 2 mintes less, then;
45 = d/t - 0.033
d = 45 (t - 0.033)
Equating both distances
40t = 45(t - 0.033)
40t = 45t - 1.485
-5t = -1.485
t = 0.297
Get the distance from P to Q:
d = 40(0.297)
d = 11.88 miles
Hence the distance in miles from P to Q is 12 miles
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Answer:
3 times
Explanation:
When the dough is folded, it increases by a constant factor. We can model the growth of the thickness using the exponential growth model
Where:
Initial thickness, 
= 2mm
Growth factor, r =8%=0.08
We want to find the smallest number of times Soon Yi will have to roll and fold the dough so that the resulting dough is at least 2.5mm.
i.e When 
Therefore, the smallest number of times Soon Yi will have to roll and fold the dough so that the resulting dough is at least 2.5mm thick is 3.
The test organism ferments sucrose best under reduced oxygen conditions.
The sample was incubated less than 24 hours, which allowed for only limited fermentation.
The media was contaminated.
The organism is an obligate aerobe and therefore can only grow inside the Durham tube.
The media was prepared wrong.
The organism is limited in its ability to ferment sucrose. Since diffusion is restricted within the Durham tube and it contains only a small volume of media, it turned yellow first.
The test organism did not ferment sucrose.
1)The test organism ferments sucrose best under reduced oxygen conditions.
2)The sample was incubated less than 24 hours, which allowed for only limited fermentation.
3)The organism is limited in its ability to ferment sucrose. Since diffusion is restricted within the Durham tube and it contains only a small volume of media, it turned yellow first.
The true statement about the Medicare Access and CHIP Reauthorization Act of 2015 (MACRA) Plans and the impact to Plans C and F are:
- "Consumers eligible for Medicare Part A on or after January 1, 2020,will not be able to purchase Medicare Supplement Insurance Plans C or F."
- "Consumers eligible for Medicare Part A before January 1 2020 can enroll in Plan C or F even after 2020 and can keep their plans as long as they choose."
<h3>What is
MACRA?</h3>
MACRA is an abbreviation for Medicare Access and CHIP Reauthorization Act of 2015 and it can be defined as a bipartisan United States statute (legislation) that was signed into law on the 16th of April, 2015, so as to change how the federal government pay physicians in the United States of America.
Based on the Medicare Access and CHIP Reauthorization Act of 2015 (MACRA) Plans, the impact to Plans C and F include the following:
- "Consumers eligible for Medicare Part A on or after January 1, 2020,will not be able to purchase Medicare Supplement Insurance Plans C or F."
- "Consumers eligible for Medicare Part A before January 1 2020 can enroll in Plan C or F even after 2020 and can keep their plans as long as they choose."
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