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
Explanation:
Driver's licenses.
Vehicle registration.
Driver's records.
Birth certificates.
Death certificates.
Unemployment compensation.
Licensing for professionals, such as attorneys, pharmacists, and chiropractors.
Answer:
There are thousands of gods, goddesses, and deities. All of them have their own stories. There isn't any actual proof or God outside of the bible, but in the bible it does acknowledge that there are other gods out there. If you choose to believe any of them are real, you just have to have faith.
Answer:The grand Palace of Versailles shows how important the king was in France. As the most important person, he was entitled to live in the greatest home. Nobles were also required to live there so the king could keep an eye on them at all times, and so they would be available to him if he desired anything. The palace served as the seat of government, and all decisions came from Versailles.
