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________
If a ball is fumbled in the field of play, goes forward into the opponent’s end zone, and then goes over the end line or sideline, a touchback
Is it the rapid
Answer:
improved energy production
Explanation:
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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