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________
Well, it depends on what you mean by that. The constitution is clear that no matter your creed, race, religion, gender, wealth, or health, as long as you’re a United States citizen, you have the right to life, liberty, and the pursuit of happiness.
People have to realize that unfortunate things and tragedies will happen despite anything state or federal government does, so to take just one or two things and say the government isn’t doing enough is ridiculous.
I personally believe government should do more or less renovation, however what they’re doing at the moment is perfectly fine.
Eat icecream, watch yt, or sleep
The correct answer is A: All education after high school.
Further Explanation:
Post secondary school can refer to community college, technical college, and any type of education that a person receives after they have graduated high school.
Some types of education after high school are;
- cosmetology school
- college
- vocational school
- IT school
- a non degree certificate school
Secondary school is usually considered a person that is currently in high school.
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