Answer:
<h2>$80</h2>
Explanation:
Step one:
What is consumer surplus area?
"Consumer Surplus reflects the difference between what a consumer is willing and able to pay for a product, and what the consumer actually ends up paying.
"
<em>The area of surplus is calculated using the formula for the area of the bounded triangle.</em>
<em>Area of surplus =1/2 b*h</em>
<em>where b= the quantity </em>
<em> h= consumer surplus</em>
Step two:
given data
<em>the quantity </em>of tickets = 4
b=Q-O------------ (from the chart attached)
cost per tieckt= $15
Total cost of 4 tickets= 15*4= $60
the actual price is $60
Since you are willing to pay $25 per ticket
the total amount you are willing to pay is = 25*4= $100
Consumer surplus = y-p------------ (from the chart attached)
Consumer surplus = $100 – $60
Consumer surplus = $40
<em>Area of surplus = </em>1/2 x (4) x40 = $80
Answer:
Great Britain
Explanation:
According to the historical records, Great Britain is known to be an industrial economy beginning in the 1700s. This period was known to be the First Industrial Revolution.
It was nicknamed "The Workshop of the World."
As a nation, it developed inventions that greatly helped produce goods, particularly in the textile industry. This is after the invention of the spinning jenny, which was a multi-spindle for textile manufacturing during the early Industrial Revolution
Hence, in this case, the correct answer is "GREAT BRITAIN."
Executive,legislative,judicial
<span>Rehoboam rejected the appeal to him from the northern tribes and Jeroboam at Shechem to alleviate the oppressive measures instituted by Solomon.
false</span>
The event was called the Great Purge. Several Soviet officials and high ranking people were arrested during this event. Some were even executed.
