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
<em><u>Answer:</u></em>
<em><u /></em>
<em><u>Explanation:</u></em>
<em><u>This protective tariff helped American industry by raising the prices of British manufactured goods, which were often cheaper and of higher quality than those produced in the U.S. This raised prices for Southern consumers and caused John Calhoun to oppose the tariff.</u></em>
Answer:
Moral diplomacy is the system in which support is given only to countries whose moral beliefs are analogous to that of the nation. This promotes the growth of the nation's ideals and damages nations with different ideologies.
Explanation:
HOPE THIS HELPS!!! :)
Andrew Jackson's belived that there were strict limits to the federal government's authority under the Constitution.