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:
it's b if I'm wrong sorry
Answer:
After the Industrial Revolution, increasing numbers of people moved to cities. Men, women, and children began to work in factories, putting in long hours in difficult and dangerous conditions.
Explanation:
The link between technology and improvements to infrastructure in America after 1820 is that there is improvement in infrastructure as a result of technology.
Technology can be defined as the application of scientific knowledge, method, research and techniques into a process.
Infrastructure refers to the basic structure and facility usually provided by the government or community to ensure economic activities are possible. It is also things put in place to help in the smooth running of the community.
<em>Infrastructure includes: </em>
- Transportation
- communication
- Schools
- Good roads
- Water supplies
- Hospitals
Therefore, the Improvement in technology contribute to infrastructural development America after 1820
Read more:
brainly.com/question/13044551
Answer:
A
Explanation:
they dont pay the payment so it gets repossesed
